BaWang International (Group) Holding Limited announces 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 chairmen of the Remuneration Committee and Nomination Committee with effect from March 17, 2012. Ms. WAN Yuhua ceased to be the chairman of the Remuneration Committee but remains as a member of the committee and Mr. LI Bida has been appointed as the chairman of the Remuneration Committee with effect from March 17, 2012. The Remuneration Committee now comprises one executive director and two independent non-executive directors, namely Ms. WAN Yuhua, Mr. LI Bida and Mr. CHEN Kaizhi. Ms. WAN Yuhua ceased to be the chairman of the Nomination Committee and Mr. CHEN Qiyuan has been appointed as the chairman of the Nomination Committee with effect from March 17, 2012. The Nomination Committee now comprises one executive director and two independent non-executive directors, namely CHEN Qiyuan, Mr. LI Bida and Mr. CHEN Kaizhi.