China Boon Holdings Limited announced that with effect from April 1, 2012, Mr. Fu Xiao Dong will be appointed as independent non-executive director, member of the audit committee, remuneration committee and nomination committee of the company. Fu Xiao Dong has become a qualified accountant of the People's Republic of China since 1992. Fu was the deputy head of the Administration and Finance Division under Zhejiang Provincial Department of Finance from 1978 to 1995, and was responsible for the administration of budgets, final accounts, finance and accounting functions. Fu had been a deputy director of the State-owned Assets Supervision and Administration Commission of the People's Government of Zhejiang Province, and was responsible for the administration of assets, property and equity rights, finance and accounting of state-owned enterprises until 2010 when he retired from office.