Combest Holdings Limited announced that Mr. Liu Wei Zhong has been appointed as an independent non-executive Director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Company with effect from 18 July 2012 in order to fill the causal vacancy caused by the passing away of Mr. Xing Feng Ping as an independent non-executive Director as announced on 27 April 2012. Mr. Liu, age 58, is a senior media practitioner. He has more than 10 year experiences in magazines editing. Mr. Liu is currently engaged in editing for a local magazine. Mr. Liu was engaged in theory and policy research in China from 1978 to 2001.