The board of directors of Times Property Holdings Limited announced that Mr. Chan Wai Kin has resigned as the chief financial officer, joint company secretary, authorised representative under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and authorised representative under Part 16 of the Companies Ordinance (Cap 622) of the Laws of Hong Kong of the Company with effect from, in each case, 30 March 2015 in order to pursue his personal development. Mr. Chan confirmed that he has no disagreement with the Board and there is no matter in relation to the resignation that needs to be brought to the attention of the shareholders of the company.