The board of directors of Lee & Man Paper Manufacturing Limited announced that Lee Wan Keung Patrick has resigned as the Chairman and Director of the board and as a member of the nomination committee with the effect from June 1, 2013 for the purpose of allowing management succession in the company. Following the resignation of Lee, the nomination committee has recommended to the board and the board has appointed Lee Man Chun Raymond as the new Chairman of the board and the nomination committee and re-designated Lee Man Bun as the chief Executive Officer with the from June 1, 2013.