The board of directors of Auto Italia Holdings Limited announced that Mr. Jeff Man Bun Lee has resigned as an executive Director with effect from June 25, 2013 due to his other business commitments. Mr. Lee has also resigned as a member of the executive directors' committee of the company. Mr. Lee has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company.

The Board announced that with effect from June 25, 2013, Mr. Tik Tung Wong, an executive Director, has resigned as a member of the nomination committee of the company.