Playmates Holdings Ltd. announced that the nomination committee comprising Mr. Chan Chun Hoo, Thomas as the chairman and Mr. Lee Peng Fei, Allen and Mr. Lo Kai Yiu, Anthony as members has been established by the Board and its written terms of reference have been adopted with effect from February 29, 2012. The Board announced that, effective on April 1, 2012, Mr. Tsim Tak Lung has resigned as the chairman of the Compensation Committee but remains as a member of the Compensation Committee and Mr. Lee Peng Fei, Allen, an independent non-executive director of the Company and a member of the Compensation Committee, has been appointed as the chairman of the Compensation Committee to replace Mr. Tsim with effect from February 29, 2012.