Hong Kong Economic Times Holdings Limited announced that Mr. Chan Mo Po, Paul has tendered his resignation as an independent non-executive director, the chairman and member of the audit committee and a member of the nomination committee of the company with effect from July 28, 2012 for the reason that he wants to pursue his other career interests. Mr. Chan has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation which needs to be brought to the attention of the shareholders of the company.