Cosmopolitan International Holdings Ltd. announced that Bong Shu Yin, Daniel has ceased to act as chairman of the remuneration committee of the company with effect from March 29, 2012 and will remain as a member of the Remuneration Committee, and Mr. Lee Choy Sang has been appointed as chairman of the Remuneration Committee with effect from the same date. The Board further announced that a nomination committee of the company comprising Mr. Bong Shu Yin, Daniel as chairman, Mr. Li Ka Fai, David and Mr. Lee Choy Sang as members has been established by the Board with written terms of reference with effect from March 29, 2012.