The Board of Directors of SOCAM Development Limited announced that Mr. Choi Yuk Keung, Lawrence the Vice Chairman and Managing Director of the company, will retire from the employment and accordingly from the Board with effect from 31 December 2015. Mr. Wong Fook Lam, Raymond, the Managing Director and Chief Financial Officer of the company, being an existing member of the Investment Committee and the Executive Committee, has been appointed as the Chairman of these committees succeeding Mr. Choi. The appointments will take effect from 31 December 2015.