Kwoon Chung Bus Holdings Limited announced that Cheng King Hoi, Andrew, Mr. Ng King Yee, Mr. Chan Yu Kwong, Francis and Mr. Mok Wah Fun, Peter have voluntarily resigned as executive directors of the company with effect from 5 December 2012. Following their resignation, the Board will have five executive directors and three independent non-executive directors and will be in compliance with the new requirements of Rule 3.10A of the Listing Rules. The resigned directors have confirmed that they have no disagreement with the Board and there is no matter relating to their resignation that needs to be brought to the attention of the shareholders of the Company.

They will continue their employments with the Company as members of the top management of the Group and directors of respective subsidiaries of the Company.