OREANDA-NEWS. October 10, 2011. The board of directors (the “Board”) of Burwill Holdings Limited (the “Company”) announces that for pursuing other personal commitments, Mr. MIAO Gengshu resigned as an Independent Non-Executive Director and a member of the Audit Committee of the Company and Mr. SZE Tsai Ping, Michael resigned as a Non-Executive Director of the Company, reported the press-centre of Burwill Holdings. 

Mr. MIAO and Mr. SZE had confirmed that they had no disagreement with the Board and there were no other matters that need to be brought to the attention of the shareholders of the Company in relation to their resignations.

The Board would like to take this opportunity to express its gratitude to both Mr. MIAO Gengshu and Mr. SZE Tsai Ping, Michael for their valuable contributions to the Company during their tenure of offices.

Following the resignation of Mr. MIAO Gengshu, the Company currently has only two Independent Non-Executive Directors and two members in the Audit Committee of the Company. As such, the Company is temporarily not compliant with Rule 3.10(1) and Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”). The Company is in the process of identifying a suitable candidate to act as an Independent Non-Executive Director and a member of the Audit Committee of the Company and the appointment will be made as soon as practicable, and in any event not later than the three-month period as stipulated by Rule 3.11 and Rule 3.23 of the Listing Rules.