The board of directors of Emperor Watch & Jewellery Ltd. announced that with effect from 19 March 2012, Mr. Wong Chi Fai, executive director of the company, ceased to be the Chairman of the Remuneration Committee of the company but shall remain as a member of the Remuneration Committee and Ms. Lai Ka Fung, May, independent non-executive director of the company, has been appointed as the Chairperson of the Remuneration Committee.