Lung Cheong International Holdings Ltd. announced that Mr. Wong Lam, O.B.E., J.P., an independent non-executive Director of the company, who is also a member of the Audit Committee, Nominee Committee and Remuneration Committee of the company, will retire from office at the forthcoming 2012 annual general meeting of the company and will not offer himself for re-election for the reason that he has attained the retirement age. Mr. Wong has confirmed that there is no disagreement with the Board of the company and there is no matter in relation to his retirement that needs to be brought to the attention of the shareholders of the company. The Board also announced that the following change of the Chairman of the Audit Committee and Remuneration Committee of the company with effect from June 28, 2012, Mr. Lai Yun Hung was appointed as the Chairman of the Audit Committee in place of Mr. Ye Tian Liu, both are the existing members of the Audit Committee and independent non-executive Directors of the company and Mr. Ye Tian Liu, an independent non-executive Director of the company, was appointed as the Chairman of the Remuneration Committee in place of Mr. Wong Lam, O.B.E., J.P.