Van Shung Chong Holdings Limited announced that a nomination committee of the Board of the company has been established with effect from March 16, 2012. Mr. Andrew Cho Fai Yao, Mr. Kenny King Ching Tam and Mr. Xu Lin Bao have been appointed as members of the Nomination Committee and Mr. Andrew Cho Fai Yao has been appointed as the chairman with effect from March 16, 2012. Effective from March 16, 2012, Mr. Andrew Cho Fai Yao has ceased to be the chairman of the remuneration committee of the Board of the company but remains a member of the committee. Mr. Xu Lin Bao, an existing Independent Non-executive Director of the company, has been appointed as the member and chairman of the Remuneration Committee with effect from March 16, 2012.