The Board of Directors of K. Wah International Holdings Ltd. announced that: a nomination committee of the company comprising Dr. Che-woo Lui as the chairman, Dr. William Yip Shue Lam and Mr. Wong Kwai Lam as the members has been established by the Board with written terms of reference with effect from March 22, 2012. Dr. Lui is the Executive Director and acting as the Chairman and Managing Director of the company, and both Dr. William Yip and Mr. Wong are INEDs of the company. In order to comply with the amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited which will take effect on April 1, 2012, Dr. Lui has ceased to act as the chairman of the Remuneration Committee of the company but remains as a member of the Remuneration Committee with effect from March 22, 2012. Dr. William Yip, an INED and a member of the Remuneration Committee and Audit Committee of the company respectively, has been appointed as the chairman of the Remuneration Committee in his stead with effect from March 22, 2012.