The board of directors of Chinese Estates Holdings Ltd. announced that Mr. Lam, Kwon-wai and Ms. Chan, Sze-wan have been appointed as the executive directors of the company with effect from June 12, 2012. Mr. Lam, aged 56, joined the Group in 1989 and is currently the Group Financial Controller and Company Secretary of the Company, Chi Cheung Investment Company, Limited and G-Prop (Holdings) Limited, both are the subsidiaries of the Company whose shares are listed on The Stock Exchange of Hong Kong Limited and acts as a director of certain subsidiaries of the Company and Chi Cheung. Ms. Chan, aged 33, joined the Group in 2002 and is currently the Manager of Sales and Leasing Department as well as the Assistant Sales and Marketing Manager of Cosmetics Department responsible for Two Girls products and acts as a director of certain subsidiaries of the Company.