New Frontier Properties Ltd. announced that Mr. Dean Harris (“Dean”) has notified the Board of his resignation as a non-executive director of New Frontier Properties Ltd. with effect from 4 January 2021. Dean's resignation is attributable to the continued trap on the free rental cash flow imposed by the Group's lender and as a result of which he finds himself unable to effectively perform the duties and responsibilities required of him as a director in the manner required by the various corporate governance laws and the controlling authorities.