Axmin Inc. announced that the Board has agreed that Mr. George Roach will step down as President and Chief Executive Officer effective as at June 18, 2013. Mr. Roach has agreed to remain as a director and consultant to the company. Ms. Lucy Yan will act as Interim Chief Executive Officer until the company appoints a suitable replacement.

In addition, Mr. David de Jongh Weill agreed to step down as Chairman of the Board and has been appointed Lead Independent Director for the company. Ms. Yan has replaced Mr. Weill as Chairman effective as at June 18, 2013.