The board of directors of Ka Shui International Holdings Limited announced that Dr. Keung Wing Ching has tendered his resignation as Executive Director, Vice Chairman and Chief Executive Officer of the company as well as other directorships at the subsidiary level of the company with effect from 1 July 2014 for retirement purpose. Dr. Keung will also cease to be a member of the Remuneration Committee, Nomination Committee and Administration Committee and an authorized representative of the company with effect from 1 July 2014. However, he will remain and be appointed as a consultant to the Company with effect from 1 July 2014.

The Board expects that more time will be taken to recruit a suitable candidate to become the Vice Chairman and Chief Executive Officer of the company. During the transitional period, Mr. Lee Yuen Fat who is the Chairman of the company will assume the role of Chief Executive Officer of the company until a suitable replacement can be appointed. Following the resignation of Dr. Keung, Ms. Yam Suk Yee, Celia, the Company Secretary of the company, will be appointed as an authorized representative of the company with effect from 1 July 2014.