The board of directors of Phoenitron Holdings Limited announced establishment of Nomination Committee with effect from March 23, 2012. Mr. Chan Siu Wing, Raymond, Mr. Yang Meng Hsiu, Mr. Leung Ka Kui, Johnny, Ms. Lily Wu and Ms. Wong Ka Wai, Jeanne have been appointed as members of the Nomination Committee and Ms. Lily Wu has been appointed as chairman of the Nomination Committee with effect from March 23, 2012. Effective from March 23, 2012, Ms. Lily Wu has ceased to be the chairman of the remuneration committee of the Board of the company but remains a member of the Remuneration Committee. Mr. Leung Ka Kui, Johnny, an existing Independent Non-executive Director of the company and a member of the Remuneration Committee, has been appointed as chairman of the Remuneration Committee with effect from March 23, 2012.