The board of directors of Grand Field Group Holdings Ltd. announced that on March 28, 2012, the board has established a nomination committee and a corporate governance committee. Mr. Ma Xuemian, Mr. Liu Chaodong and Ms. Chui Wai Hung have been appointed as members of the Nomination Committee and Corporate Governance Committee. Ms. Chui Wai Hung has been appointed as the chairman of the Nomination Committee. Mr. Ma Xuemian has been appointed as the chairman of the Corporate Governance Committee.