Chuang's China Investments Ltd. announced that Hwang Jen and Peter Po Fun Chan have both retired and consequently ceased to act as the independent non-executive directors of the company with effect from March 26, 2013. Hwang and Chan, they have been appointed as consultants of the company for a term of two years commencing from March 26, 2013. Abraham Shek Lai Him, the chairman of the Board and an independent non-executive director of the company, has been appointed as the chairman and Andrew Fan Chun Wah, an independent non-executive director of the company, has been appointed as a member of each of the audit committee, the nomination committee and the remuneration committee of the Company, all with effect from March 26, 2013.