The board of directors of Chinney Investments, Limited announced that in order to comply with the forthcoming amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited which stipulate that remuneration committee of a listed issuer must be chaired by an independent non-executive director to be effective on April 01, 2012, Mr. Herman Man-Hei Fung, managing director of the company, has resigned as the chairman, but remains as a member, of the remuneration committee of the company and Dr. Clement Kwok-Hung Young, independent non-executive director of the company, has been appointed as the chairman of the Remuneration Committee, both with effect from March 30, 2012.