CIL Holdings Ltd. announced that with effect from March 29, 2012, Mr. Li Chung Kai Philip has been appointed as a non-executive director of the company and Mr. Lin Qifu has been appointed as an independent non-executive director of the company. Mr. Li Chung Kai Philip, aged 56, has over 33 years of experience in apparel and garment industry in Hong Kong and in the People's Republic of China. Mr. Li did not hold any other directorship in any listed public companies in the last three years. Mr. Li has entered into a service contract with the company with an initial term of 2 years and is subject to retirement by rotation and re-election in the annual general meetings of the company in accordance with the articles of association of the company. Mr. Lin Qifu, aged 61, is currently retired. Mr. Lin has over 40 years of experience in the banking sector in the PRC. Mr. Lin did not hold any other directorship in any listed public companies in the last three years. Mr. Lin has entered into a service contract with the company with an initial term of 2 years and is subject to retirement by rotation and re-election in the annual general meetings of the company in accordance with the articles of association of the company.