The board of directors of Shandong Xinhua Pharmaceutical Company Limited announced that Mr. Chan Chung Kik, Lewis an independent non-executive director has tendered resignation from his offices of an INED the chairman of the Audit Committee and a member of the Remuneration and Examination Committee of the Board in order to devote more time to his other business commitments. Upon the Resignation takes effect, Mr. Chan will no longer hold any office or position in the Group.