The board of directors of ZMAY Holdings Limited announced that a nomination committee of the company been established by the board with written terms of reference with effect from 30 March 2012. The members of the Nomination Committee comprise three independent non-executive Directors, namely, Mr. Chi Chi Hung, Kenneth as the chairman of the Nomination Committee, Dr. Wong Yun Kuen and Mr. Man Kwok Leung as the members of the Nomination Committee. In compliance with the forthcoming amendments to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited which will be effective on 1 April 2012, Mr. Chi Chi Hung, Kenneth, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee of the company in place of Mr. Chui Kwong Kau with effect from 30 March 2012. Mr. Chui Kwong Kau remains as a member of the Remuneration Committee.