The board of directors of China SCE Property Holdings Limited announced that Mr. Fung Ka Pun resigned as non-executive Director with effect from January 06, 2013 due to the expiration of his term of appointment under the appointment letter signed between the company and Mr. Fung dated January 06, 2010. Mr. Fung has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the company in respect of his resignation.