The board of directors of HKR International Limited announced that Mr. CHEUNG Tseung Ming resigned as a non-executive director of the company with effect from 1 March 2013 due to his intention to retire for life.

HKR International Ltd., Special/Extraordinary Shareholders Meeting, Feb 04, 2013., at 11:30 China Standard Time. Location: S226­S227 (Harbour Road Entrance). Agenda: To consider the construction and renovation services framework agreement dated 20 December 2012 entered into between the company and Hanison Construction Holdings Limited in respect of which a copy of the circular dated 15 January 2013 marked ‘A’ and a copy of the Agreement marked ‘B’ have been produced to the meeting and signed by the chairman of the meeting for the purpose of identification, and the terms of and the transactions contemplated there under be and are hereby approved, ratified and confirmed; to consider the annual caps in relation to the Continuing Connected Transactions be and are hereby approved, ratified and confirmed; and to consider any one director or directors of the company be and is/are hereby authorized for and on behalf of the company to execute all such documents and to do all such acts or things incidental to, ancillary to or in connection with the Continuing Connected Transactions.

Lands Department is seeking bids for site at Kwun Chung Street, Jordan and a larger site in Tseung Kwan O. The 14 bidders including Sino Land Company Limited, New World Development Company Limited, Emperor International Holdings Limited, Paliburg Holdings Ltd., HKR International Ltd., Wang On Group Limited have submitted bids for Kwun Chung Street site. Also the six bidders who have bid for 171,890 sq ft Tseung Kwan O site includes Wheelock Properties Ltd., Lai Sun Development Co. Ltd. and Sino Land Company Limited. Surveyors estimate the two sites would fetch the government between HKD 2.1 billion and HKD 2.33 billion.