The board of directors of Kowloon Development Co., Ltd. announced that the board has established a nomination committee on 29 March 2012. The members of the Nomination Committee shall comprise such directors appointed by the Board. The Board has appointed Mr. Or Wai Sheun, Mr. Lok Kung Chin, Hardy and Mr. David John Shaw as members of the Nomination Committee. Mr. Or Wai Sheun has been appointed as the chairman of the Nomination Committee.