GR Properties Limited board announced that, with effect from 17 February 2015: Mr. Wong Kai Tung Simon resigned as an independent non-executive Director upon expiry of the director's service contract on 16 February 2015. He alsoresigned as a member of each of the Audit Committee and the Remuneration Committee of the Board; and Mr. Chui Tsan Kit was appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee of the Board. Mr. Chui, aged 46, has extensive experience in financial services.

He is currently the chief strategic officer of Qilu International Holdings Limited, the managing director of Qilu International Wealth Management Limited.