The board of directors of Café de Coral Holdings Limited announced that Mr. Lo Tang Seong, Victor and Mr. Look Guy retired and did not offer themselves for re-election as a non-executive director and an independent non-executive director respectively at the Annual General Meeting on September 11, 2012. Following Mr. Look's retirement, he also ceased to be the Chairman of the Audit Committee and a member of the Nomination Committee. Subsequent to Mr. Look's retirement, and with effect from 11th September 2012, the Board announced that Mr. Kwok Lam Kwong, Larry, an independent non-executive director of the company, was appointed as the Chairman of the Audit Committee and Mr. Lo Tak Shing, Peter, an executive director of the company, resigned as a member of the Nomination Committee.