The board of directors of Chevalier International Holdings Ltd. announced that on March 21, 2012, the Board has established a nomination committee. The members of the Nomination Committee shall comprise such directors of the Company appointed by the Board. The Board has appointed Mr. Kuok Hoi Sang, Mr. Chow Vee Tsung, Oscar, Mr. Sun Kai Dah, George, Dr. Chow Ming Kuen, Joseph and Mr. Yang Chuen Liang, Charles as members of the Nomination Committee, and Mr. Sun has been appointed as the Chairman of the Nomination Committee.