The board of directors of Shougang Concord International Enterprises Company Limited announced that Mr. Ip Tak Chuen, Edmond has resigned as a Non-executive Director of the Company with effect from 1 January 2017. Mr. Ip has resigned as a director to devote more time to his other commitments. Mr. Ip has confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.