The board of directors of Miramar Hotel and Investment Company, Limited announced that Mr. Howard Yeung Ping Leung (Mr. Yeung) and Mr. Thomas Liang Cheung Biu (Mr. Liang), previously non-executive directors of the company, have been re-designated as independent non-executive directors of the company with effect from December 6, 2012. Mr. Yeung was appointed as director of the company in February 2000 and was re-designated as non-executive director of the company in July 2005. He has extensive experience in the businesses of property development, hotel operation and jewelry.

He is also a director and the Chairman of King Fook Holdings Limited and an independent non-executive director of New World Development Company Limited. Mr. Liang was appointed as director of the company in October 2004 and was re-designated as non-executive director of the company in July 2005. Mr. Liang has extensive experience in financial management, corporate finance, banking, real estate development and equity investment.

He is also the Group Chief Executive of Wideland Investors Limited and an independent non-executive director of New World Development Company Limited.