China Environmental Resources Group Limited announced that Ms. Kam Yuen has ceased to act as the Chairman of the company but remains as the Chief Executive Officer and an executive director of the company; and Mr. Zhou Hongbo has been appointed as an executive director and the Chairman of the company. Mr. Zhou has entered into a service agreement with the company for a term of three years from 1 June 2012. His appointment is subject to retirement by rotation at general meeting of the company in accordance with the articles of association of the company.