The board of directors of First Shanghai Investments Ltd. announced that a nomination committee of the Board of the company has been established with effect from March 1, 2012. Members of Nomination Committee: Prof Woo Chia-Wei (Prof Woo), Mr. Lo Yuen Yat (Mr. Lo), Mr. Yu Qihao (Mr. Yu) and Mr. Zhou Xiaohe (Mr. Zhou) have been appointed as members of the Nomination Committee and Prof Woo has been appointed as the chairman with effect from March 1, 2012. Effective from March 1, 2012, Mr. Lo has ceased to be the chairman of the remuneration committee of the Board of the company but remains a member of the committee. Mr. Zhou, an existing Independent Non-executive Director of the company and a member of the Remuneration Committee, has been appointed as chairman of the Remuneration Committee with effect from March 1, 2012.