First Real Estate Investment Trust announced cessation of Wong Gang from Non-Executive Independent Director, Chairman of the Nominating & Remuneration Committee and Audit Committee member. The resignation of Mr. Wong Gang was part of the completion of the change in controlling shareholder of Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust. Consequently, Mr. Wong Gang also relinquished his position as Independent Director, Chairman of the Nominating & Remuneration Committee and Audit Committee member.