The board of directors of Asia Standard International Group Ltd. announced that Mr. Au Yat Chuen has resigned from his position as non-executive director and Mr. Loup, Nicholas James has resigned from his positions as non-executive director and member of the remuneration committee of the board, both with effect from 9 July 2012, in order to pursue their own business interests. Both Mr. Au and Mr. Loup have confirmed that they have no disagreement with the Board and there are no matters relating to their resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange. Mr. Poon Hai has been appointed as an executive Director with effect from 9 July 2012.