The board of Styland Holdings Limited announced that Ms. Ho Mei Sheung has resigned as an executive Director with effect from 15 February 2012 in order to spend more time with her family. She has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Mak Kit Ping, who is a director of certain subsidiaries of the Company, has been promoted to an executive Director with effect from 15 February 2012.