The board of directors of China Pipe Group Limited announced that the chairman of the board, Mr. Lai Guanglin, has been re-designated from a Non-Executive Director to an Executive Director of the company with effect from March 14, 2012. The board also announced that in order to comply with the forthcoming amendments to the listing rules which will be effective on April 1, 2012, Mr. Lai ceased to be the chairman but remained as a member of the remuneration committee of the company, and Ms. Yang Li has been appointed as the chairman of the remuneration committee with effect from March 14, 2012. The board further announced that Mr. Lai has been appointed as a member and the chairman of nomination committee of the company to replace Mr. U Kean Seng, and Mr. U Kean Seng ceased to be a member and the chairman of the nomination committee with effect from March 14, 2012.