The board of directors of Billion Industrial Holdings Ltd. announced that Mr. Sze Tin Yau, the chairman of the Board and an executive Director, ceased to be the chairman of the remuneration committee of the Board and Mr. Yeung Chi Tat, an independent non-executive Director, has been appointed as chairman of the Remuneration Committee, with effect from February 28, 2012. Mr. Sze Tin Yau remains to be a member of the Remuneration Committee.