The board of directors of New Universe International Group Ltd. announced that on July 18, 2012 the board received the resignation tendered by Mr. LEE Kwan Hung as independent non-executive director of the company with immediate effect due to the reason that there were queries and issues raised by him regarding the disposal of properties owned by Suzhou New Universe Smartech Tooling and Plastics Limited left unanswered and he had queries and issues with the board's procedures on how the disposal was conducted and approved. The Board accepted the resignation of Mr. LEE on July 19, 2012.