The Board of Modern Beauty Salon Holdings Ltd. announced that Mr. Lee Soo Ghee has been appointed as Chief Administrative Officer of the company with effect from February 10, 2012. The Board announced that Ms. Tsang Yue Joyce has resigned from the position of the Chairperson, but remained as a member, of the Remuneration Committee of the Board and Mr. Wong Man Hin, Raymond was appointed as the Chairperson of the Remuneration Committee of the Board with effect from February 10, 2012. As from February 10, 2012, the Remuneration Committee of the Board comprises Mr. Wong Man Hin, Raymond (Chairperson), Ms. Liu Mei Ling, Rhoda, Mr. Hong Po Kui, Martin and Ms. Tsang Yue, Joyce. Mr. Lee, was the former Executive Director and Vice Chairman of the company until November 26, 2008, and since that date Mr. Lee remained as Executive Director and was re-designated and appointed as the Chief Executive Officer, each of the Chairperson of the Board, the Remuneration Committee and the Nomination Committee of the company, and member of each of the Remuneration Committee and Nomination Committee of the company until April 16, 2010, and since that date Mr. Lee remained as Executive Director and was re-designated and appointed as Chief Administrative Officer of the company until September 15, 2010 when Mr. Lee resigned as Executive Director of the company but remained as Chief Administrative Officer of the company. Mr. Lee resigned as Chief Administrative Officer of the company on September 16, 2010. Mr. Lee has also been the General Manager of Splendid Overseas Pte Ltd. since November 1, 2004; Splendid Overseas Pte Ltd. became a wholly owned member of the Group on January 10, 2012.