The Board of Directors of SOCAM Development Limited announced that Mr. Wong Kun To, Philip, a Non-executive Director of the company, did not stand for re-election due to his other business commitments and retired at the annual general meeting of the company held on 29 May 2015 in accordance with the Bye-laws of the company. Mr. Philip Wong 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.