The board of directors of Far East Holdings International Limited announced that Mr. Wong Kui Shing, Danny (``Mr. Wong'') has tendered his resignation as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee, a member of the Nomination Committee and a member of Investment Committee of the Company with effect from the date of this announcement as he intended to devote more time to his other business engagements. Mr. Wong has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation from the position that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board also announced that Mr. Lam Wai Hung has been appointed as a member of the Investment Committee of the Company with effect from the date of this announcement.