The board of directors of New Universe International Group Ltd. announced that Mr. CHAN Chun Hing has tendered his resignation as the executive director and Chief Executive Officer of the company with effect from 12 June 2012. Mr. CHAN Chun Hing resigned due to his commitment to other business engagements. Mr. CHAN Chun Hing confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company.