The board of Paliburg Holdings Ltd. announced that Mr. LO Yuk Sui, the Chairman and Chief Executive Officer of the company, has ceased to act as the Chairman of the Remuneration Committee of the board with effect from 29th March, 2012, but he remains as a member of the Remuneration Committee. Mr. WONG Chi Keung, an Independent Non-Executive Director of the company, has been appointed as the Chairman of the Remuneration Committee, also with effect from 29th March, 2012. The company has appointed Mr. LO Yuk Sui as Chairman and Mr. Bowen Joseph LEUNG Po Wing, GBS, JP; Mr. NG Siu Chan; Hon Abraham SHEK Lai Him, SBS, JP; and Mr. WONG Chi Keung as members of Nomination Committee, effective March 29, 2012.