The board of directors of Shun Tak Holdings Ltd. announced that Mr. Ng Chi Man, Michael, a non-executive director of the company, has been re-designated as independent non-executive director and appointed as a member of the audit committee of the company, both with effect from 20 December 2012. Mr. Ng, aged 54, was previously appointed as an executive director of the company and a member of the executive committee of the company in 2009. He was then re-designated as a non-executive director of the company and ceased to act as an executive committee member both from 1 July 2010.

Mr. Ng has substantial experience in corporate and financial management of listed companies in Hong Kong. He is currently the chairman and chief executive officer of Blackmoon Lifestyle Holding Limited. In the past, Mr. Ng was an executive director and chief executive officer of Viva China Holdings Limited.

Mr. Ng was also an executive director of HKC (Holdings) Limited and China Travel International Investment Hong Kong Limited.