The board of directors of CNT Group Limited announced that with effect from January 9, 2013, Mr. Tsui Yam Tong, Terry has retired from the position of managing director and executive director of the company. Mr. Tsui, aged 66, has served the Group for over 25 years. In order to continuously benefit from Mr. Tsui's extensive experience and business connections, Mr. Tsui has been appointed as a senior consultant of the company.

As a senior consultant of the company, Mr. Tsui will continue to give advice to the company on matters in connection with the Group's business activities and development. Mr. Tsui has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the company. Mr. Tsui Ho Chuen, Philip, currently the executive deputy chairman of the company, has taken up the position of managing director of the company.

Mr. Tsui, aged 49, joined the Group in September 1985. He is the sole director and shareholder of Prime Surplus Limited. The authorised representative for the service of process on behalf of the company in Hong Kong has been changed from Mr. Tsui Yam Tong, Terry to Mr. Tsui Ho Chuen, Philip.