The board of directors of Dynasty Fine Wines Group Ltd. announced that Mr. Chau Ka Wah, Arthur retired by rotation as an independent non-executive director at the conclusion of its annual general meeting held on May 30, 2012. Mr. Chau did not offer himself for re-election due to his retirement. Mr. Chau also ceased to be chairman of remuneration committee and member of audit committee and nomination committee of the company with effect from May 30, 2012.