Wheelock and Company Limited announced that with effect from January 1, 2014, Mr. WOO, Kwong Ching Peter will step down as the Chairman of the company but will remain as a director of the company and Mr. WOO, Chun Kuen Douglas, presently Managing Director of the company, has been elected as the new Chairman and consequently, from 1 January 2014 onwards, Mr. D. Woo will be the Chairman and Managing Director of the company. Mr. P. Woo has confirmed that he has no disagreement with the board of the directors of the company and there are no matters relating to his relinquishment of the chairmanship that needs to be brought to the attention of the shareholders of the company. With effect from 1 January 2014, Mr. P. Woo will use the title of ‘Senior Director'.