The board of directors of Upbest Group Limited announced that Mr. SUEN Man Tak, Stephen has tendered his resignation as non-executive director of the company with effect from January 1, 2016 due to pursuit of his personal commitments. Mr. Suen confirmed that he has no claims whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise and he has no disagreement with the Board and there is no matters in respect of his resignation that needs to be brought to the attention of the shareholders of the company and the Stock Exchange.