The board of directors of HongKong Chinese Ltd. 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, there is a change of the Chairman of the Remuneration Committee and Nomination Committee with effect from March 29, 2012. Mr. Leon Chan Nim Leung has ceased to be the Chairman of the Remuneration Committee of the Company but remains as a member of the Remuneration Committee. Mr. Tsui King Fai, being an independent non-executive Director and a member of the Remuneration Committee of the Company, has been appointed as the Chairman of the Remuneration Committee. Mr. Leon Chan Nim Leung has ceased to be the Chairman of the Nomination Committee of the Company but remains as a member of the Nomination Committee. Mr. Tsui King Fai, being an independent non-executive Director and a member of the Nomination Committee of the Company, has been appointed as the Chairman of the Nomination Committee.