CHINA NEW TOWN DEVT CO LIMITED: ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR

Announcement of Cessation of Executive Director
* Asterisks denote mandatory information
Name of Announcer *	CHINA NEW TOWN DEVT CO LIMITED
Company Registration No.	1003373
Announcement submitted on behalf of	CHINA NEW TOWN DEVT CO LIMITED
Announcement is submitted with respect to *	CHINA NEW TOWN DEVT CO LIMITED
Announcement is submitted by *	Shi Jian
Designation *	Chairman
Date & Time of Broacast	31-May-2013 16:01:48
Announcement No.	00048
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

Name *	Yang Yonggang
Age *	59
Is Effective Date of Cessation known? *	Yes
Effective Date of Resignation	01/06/2013
Detailed Reason(s) for cessation *	to focus on the growing business of the Legal Department of the Company
Is there any difference of opinion on material matters between the person and the Board of directors? *	No
If yes, please elaborate *	NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? *	No
Date of Appointment to current position *	03/06/2009
Job Title *	Executive Director
Role and responsibilities *	investment decision and legal affairs of the Group
Does the AC have a minimum of 3 members (taking into account this cessation) *	Yes
Number of Independent Directors currently resident in Singapore (taking into account this resignation) *	2
Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months *	1
Shareholding in the listed issuer and its subsidiaries *	5,100,000 shares
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *	None

>> Other Directorship #
# These fields are not applicable for announcements of appointments pursuant to Rule 704(9)
Past (for the last five years) *	None
Present *	None