The board of directors of Shun Tak Holdings Limited announced that Dato' Dr. Cheng Yu Tung a non-executive director of the company, retired by rotation at the annual general meeting of the company held on 19 June 2015 in accordance with the articles of association of the Company. Dr. Cheng did not seek for re-election. Accordingly, Dr. Cheng retired as a non-executive director of the company with effect from the conclusion of the AGM.