The board of Kin Yat Holdings Limited announced that with effect from 26 August 2013, Mr. Fung Wah Cheong, Vincent (Mr. Fung) has been re-designated from the deputy chairman and an executive director of the company to an executive director of the company at his request so as to enable Mr. Fung to concentrate his efforts principally on managing core business relating to the electrical and electronic products business segment. Mr. Fung's existing role as a member of the remuneration committee and nomination committee of the company shall remain unchanged. Mr. Fung has resigned from the deputy chairman position of the company and has confirmed that he has no disagreement with the Board and there is no other matter concerning the resignation that needs to be brought to the attention of the shareholders of the company.