The Board of Directors of Progen Holdings Ltd. announced the resignation of Miss Cindy Lee Pui Hoon (Miss Lee) as Finance Manager of the Company with effect from January 23, 2013. Miss Lee has resigned on her own accord due to family commitment. Consequent to the above, the responsibilities of the Finance Manager has also been restructured to fall under the charge of the Executive Director (Finance cum Business Development) with the new Finance Manager now assuming a lesser role who will report directly to the Executive Director but will not be considered as a key executive position.