The Board of Hysan Development Co. Ltd. announced the changes to the company's Board composition. Mr. Gerry Lui Fai YIM has resigned as Chief Executive Officer and a Director of the company, with effect from the conclusion of the Annual General Meeting to be held on May 14, 2012, to pursue personal goals. Ms. Irene Yun Lien LEE, currently Non-executive Chairman of the Board, will assume an executive capacity with immediate effect. In addition to Ms. lee's role in leading the Board, Ms. Lee, in executive capacity, will advise, support and coach the management team, particularly in the long-term strategic development of the Group and management matters that drive shareholder value. The Board announced that Mr. Siu Chuen LAU, currently a Non-executive Director, will become Non-executive Deputy Chairman of the Board, also with immediate effect. Mr. Lau, as Deputy Chairman, deputises and supports the Chairman in her Board leadership role. Ms. Lee is currently Chairman of Nomination Committee and Strategy Committee of the company. Mr. Lau is currently a member of the Strategy Committee of the company.