Grande Asset Hotels and Property Public Company Limited announced that Kanit Sangsubhan submitted a resignation letter to resign as the Director, Independent Director and Audit Committee Member of the company effective from May 15, 2012 onwards, because he has been elected as a Committee Member of the Committee of the Bank of Thailand. He therefore could not take up his duty in the position of a director of the company. And the company will hold a Board of Directors meeting for consideration of appointment of a new director to fill the vacancy.