The board of directors of Far East Consortium International Limited announced that Mr. Chi Hing CHAN would not seek to renew his appointment as a Non-Executive Director of the company upon the expiry of his existing term of appointment on December 31, 2017 in order to devote more time to his other business engagements. Mr. CHAN will cease to be a Non-Executive Director of the company with effect from January 1, 2018.