The board of directors Van Shung Chong Holdings Ltd. announced that Mr. Dong Sai Ming, Fernando has been re-designated from an executive director to a non-executive director and ceased to be a member of the executive committee of the company with effect from the conclusion of the AGM. Mr. Kahler has retired as an independent non-executive director and ceased to be a member of the audit and remuneration committees of the company. The Board announced that Mr. Tse Lung Wa, Teddy has been appointed as an independent non-executive director and a member of the audit and remuneration committees of the company with effect from the conclusion of the AGM. Mr. Tse is a business and commercial professional with extensive work experience gained in international steel arena and particularly in China region. He worked for Cargill Hong Kong Limited since 1992 till 2012 April and spent most of his time in steel sector. Mr. Tse was promoted to be the Senior Vice President of Cargill Ferrous International since 2008. He also worked as Vice President of Cargill Energy, Transportation and Industrial Asia business unit for China market since 2010 till 2012 April.

To shareholders of the company declared a final dividend of 1.8 cents per share for the year ended March 31, 2012.