New Century Group Hong Kong Ltd. announced that Mr. Wong Kwok Tai, an independent non-executive director of the company, has been appointed as the chairman of the Remuneration Committee in place of Mr. Ng Wee Keat, the chairman of the Company, with effect from March 19, 2012. Mr. Ng Wee Keat remains as a member of the Remuneration Committee. The board further announced that the Nomination Committee comprising Mr. Ng Wee Keat as the chairman and Mr. Yu Wai Man, Mr. Wong Kwok Tai, Mr. Kwan Kai Kin, Kenneth and Mr. Ho Yau Ming as members has been established by the board with written terms of reference with effect from March 19, 2012.