The board of directors of ChasWood Resources Holdings Ltd. announced that Prof. Roy Ling Chung Yee has resigned as an independent director of the company with effect from 22 June 2018 and concurrently relinquished his position as the chairman of the audit and remuneration committees and member of nominating committee, with effect from the same date. Reason for resignation is given the current set up and resources of the company and its management and Mr. Ling's current priorities, Mr. Ling felt that he is not able to continue to help the company upgrade its internal systems and controls to the level that he feels is necessary.