Lai Fung Holdings Ltd. Announces the Retirement of Tam Kin Man, Kraven as Executive Director, Effective May 1, 2012

Lai Fung Holdings Ltd is an investment holding company principally engaged in the property development business. The Company operates its business through four segments. The Property Development segment is engaged in the development of properties in Mainland China for sale. The Property Investment segment is engaged in the investment in commercial and office buildings for their rental income potential and provides building management services in Mainland China. The Hotel and Serviced Apartment Operation segment is engaged in the operation of the hotels and serviced apartments in Mainland China. The Theme Park Operation segment is engaged in the development and operation of theme parks in Mainland China.