Y. T. Realty Group Limited announced that Mr. Wong Chi Keung, Managing Director and executive Director, and two non-executive Directors, Mr. Lee Ka Sze, Carmelo and Mr. Wong Yat Fai, have tendered their resignations as Directors with effect from 29 February 2016 in view of the Post-Completion Group's reduced operations in Hong Kong. Accordingly, Mr. Lee Ka Sze, Carmelo also ceased to be a member of the audit committee of the Board on the same date. Mr. Cheung, Chairman and executive Director, has been appointed Managing Director with effect from 29 February 2016 to fill the vacancy created by the resignation of Mr. Wong Chi Keung.

The roles of Chairman and Managing Director will be assumed by Mr. Cheung, in view of the Post-Completion Group's reduced operations in Hong Kong, to further the efficient decision making and execution of the business strategies by and to ensure a consistent leadership for the Post-Completion Group.