The Board of Sino Prosper State Gold Resources Holdings Limited also announced that Mr. Yeung Kit, an executive Director, retired by rotation at the AGM and he did not offer himself for re-election as Director as he would like to spend more time in pursuing his own business development. Mr. Yeung has confirmed that he has no claim against the Company and its subsidiaries in respect of his retirement and that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the Shareholders in relation to his ceasing to be an executive Director.