Amax Holdings Limited announced that Cheung Mr. Nam Chung and Mr. Ng Chi Keung tendered on September 12, 2012 their resignations respectively as Chief Executive Officer and Chief Financial Officer with effect from December 12, 2012. However, as Mr. Cheung and Mr. Ng are removed as executive directors of the company on September 12, 2012, the company has suspended the offices of Mr. Cheung and Mr. Ng respectively as Chief Executive Officer and Chief Financial Officer of the company with effect from the same date until December 12, 2012. The company announced that Mr. Ng Man Sun is appointed as Chairman and Chief Executive Officer of the Company with effect from September 12, 2012.