The board of directors of Lai Sun Development Co. Ltd. announced that with effect from September 1, 2012. Mr. Cheung Sum, Sam will resign as an executive director of the company to pursue other interests, Mr. Cheung will cease to be a member of the Remuneration Committee of the company and Mr. Chew Fook Aun, an ED and the Deputy Chairman of the company, will be appointed a member of the RC.