The board of directors of 361 Degrees International Limited announced that the Board has resolved to appoint Mr. Tsui Yung Kwok as an independent non- executive director, a member of the audit committee and the nomination committee of the company with effect from September 1, 2012. Mr. Tsui has nearly 20 years of experience in accounting and finance. He held a senior position in an international accounting firm in Hong Kong and was the chief financial officer of a Hong Kong listed company. Mr. Tsui has been the chief financial officer and the company secretary of Ju Teng International
Holdings Limited. Mr. Tsui became an executive director of Ju Teng International Holdings Limited in June 2005. Mr. Tsui is currently an independent non-executive director and chairman of audit committee of Shenguan Holdings (Group) Limited. Mr. Tsui is also currently an independent non-executive director, chairman of audit committee and a member of the remuneration committee of SITC International Holdings Limited.