The board of directors of China Rare Earth Holdings Limited announced appointment of nomination committee members. The Board has appointed Mr. Liu Yujiu, Mr. Huang Chunhua and Mr. Jin Zhong, each being an independent non-executive Director, as members of the Nomination Committee and Mr. Jin Zhong has been appointed and shall act as the chairman of the Nomination Committee with effect from March 23, 2012. Mr. Jiang Quanlong, an executive Director, has ceased to act as the chairman of the remuneration committee of the company with effect from March 23, 2012 and Mr. Huang Chunhua, an existing member of the Remuneration Committee and an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee in place of Mr. Jiang Quanlong with effect from March 23, 2012. Mr. Jiang Quanlong has also ceased to be a member of the Remuneration Committee with effect from March 23, 2012.