The board of directors of Kader Holdings Co. Ltd. announced that Mr. Ivan Ting Tien-li has stepped down as the Managing Director of the company with effect from 12th July 2012 as he is taking a period of leave of absence from his executive position. He will remain a Non-executive Director of the company. Mr. Ivan Ting has confirmed that he has no disagreement with the board and there is no matter that needs to be brought to the attention of the shareholders of the company. The board of the company announced that Mr. Kenneth Ting Woo-shou, the Chairman of the company, has been appointed as Managing Director of the company with effect from 12th July 2012.