The board of directors of Chen Hsong Holdings Ltd. announced the establishment of the nomination committee on 1 March 2012. Messrs. Johnson Chin Kwang TAN, Anish LALVANI, Bernard Charnwut CHAN and Michael Tze Hau LEE, all being independent non-executive directors, were appointed as members of the Nomination Committee and Mr. Johnson Chin Kwang TAN was appointed as chairman of the Nomination Committee with effect from 1 March 2012. The Board is also announced the establishment of the corporate governance committee on 1 March 2012. Messrs. Michael Tze Hau LEE, Johnson Chin Kwang TAN, Anish LALVANI and Bernard Charnwut CHAN, all being independent non-executive directors, and Mr. Sam Hon Wah NG, executive director, were appointed as members of the CG Committee and Mr. Michael Tze Hau LEE was appointed as chairman of the CG Committee with effect from 1 March 2012. The Board is also announced the appointment of Mr. Johnson Chin Kwang TAN, an independent non-executive director, as a member of the Remuneration Committee with effect from 1 March 2012. The members of the Remuneration Committee shall comprise Messrs. Bernard Charnwut CHAN, Johnson Chin Kwang TAN, Anish LALVANI and Michael Tze Hau LEE, all being independent non-executive directors, and Ms. Lai Yuen CHIANG, Chief Executive Officer, and Mr. Bernard Charnwut CHAN as chairman of the Remuneration Committee.