Chaowei Power Holdings Limited announced that, in order to comply with the forthcoming amendments to the rules governing the listing of securities on the Stock Exchange of Hong Kong Limited which will be effective on April 1, 2012, it has resolved and approved, effective from March 30, 2012, the establishment of the nomination committee of the company with written terms of reference. The board has appointed Mr. Zhou Mingming, Mr. Wang Jiqiang and Mr. Lee Conway Kong Wai as members of the nomination committee. Mr. Zhou Mingming has been appointed as the Chairman of the Nomination Committee.