Lai Sun Development Co. Ltd. announced that with effect from November 01, 2012, Mr. Lam Hau Yin, Lester will be appointed an executive director and a member of the executive committee of the Company. Mr. Lam, aged 31, is currently an executive director and the chief executive officer of Lai Fung Holdings Limited and an executive director of Lai Sun Garment (International) Limited.

With effect from 1 November 2012, Mr. Lui Siu Tsuen, Richard will resign as an executive director (ED) of the company to focus more on the businesses of the listed media affiliates of the company.