Ares Asia Limited announced the resignation of Mr. Junaidi YAP (Mr. YAP) as executive director and chief executive officer of the company with effect from 28 February 2015 and 11 November 2014 respectively. The board of directors of the company announced that since the handover between Mr. YAP and the current executive Directors completed smoothly, the company and Mr. YAP have mutually agreed to waive the three months notice requirement for Mr. YAPs resignation as the executive Director as stipulated in the service agreement entered into between the company and Mr. YAP on 15 June 2012. As such, the effective date of Mr. YAPs resignation as the executive Director has been changed from 28 February 2015 to 18 December 2014.