High Fashion International Ltd. announced audited consolidated earnings results for the year ended December 31, 2011. For the year, revenues were HKD 2,784.166 million, profit before taxation was HKD 240.572 million, profit attributable to owners of the company was HKD 253.825 million or HKD 0.84 per basic share compared to revenues of HKD 2,724.299 million, profit before taxation of HKD 270.981 million, profit attributable to owners of the company of HKD 217.012 million or HKD 0.71 per basic share for the same period a year ago. The Group has purchased the plant and equipment and the leasehold improvement and construction in progress of around HKD 85 million in order to upgrade its manufacturing capabilities during the year. The Board recommends a final dividend of 15 cents per ordinary share for the year ended 31 December 2011 at the AGM to be held on 30 May 2012. Subject to the shareholders' approval, the final dividend will be payable on or about 18 June 2012 to shareholders whose names appear on the Register of Members on 7 June 2012. Final dividend for the year 2010 was 13 cents. The Board announced the establishment of a nomination committee on 27 March 2012. Mr. Lam Foo Wah, the Chairman of the Board of High Fashion International Ltd. was appointed as the chairman of the Nomination Committee and Mr. Chan Wah Tip, Michael and Professor Yeung Kwok Wing, two non-executive directors, and Mr. Woo King Wai and Mr. Wong Shiu Hoi, Peter, Mr. Leung Hok Lim, three independent non-executive directors, were appointed as members of the Nomination Committee.