The board of directors of Birmingham International Holdings Limited inform shareholders and potential investors of the company that the Board (save and except Mr. Peter Pannu (Mr. Pannu), Mr. Chan Shun Wah and Mr. Cheung Kwai Nang) is of the view that, it is inappropriate for Mr. Pannu to continue acting as the Chief Executive Officer and Managing Director of the company. The Board has resolved to terminate the appointment of Mr. Peter Pannu as Managing Director and Chief Executive Officer of the company (the Termination) with effect from 12 December 2014.