Dah Sing Banking Group Limited announced that Mr. Lung-Man Chiu (John Chiu), having reached the age of over 60, retired as an Executive Director of the company and his other roles and directorships in the Group with effect from 14 July 2012. Mr. Chiu confirmed to the company that he had no disagreement with the Board and that he was not aware of any matter relating to his retirement that needs to be brought to the attention of the shareholders of the company.