The Board of Directors of Banyan Tree Holdings Limited ("BTH") wishes to announce with regret the resignation of Mr Timothy Chia Chee Ming as a Member of the Audit & Risk Committee ("ARC") with effect from 13 August 2008. Mr Chia continues to serve as a Lead Independent Non-Executive Director and Chairman of the Nominating and Remuneration Committee of BTH.
Following his resignation, the ARC of BTH now comprises the following Independent Directors:
By Order of the Board