The board of directors of China Liansu Group Holdings Limited announced that in order to comply with the forthcoming amendments to the rules governing the listing of securities on the stock exchange of Hong Kong Limited which will be effect on April 1, 2012, Mr. Wong Luen Hei, the Executive Director of the company, has ceased to be the chairman of the remuneration committee of the company but remains as a member of the remuneration committee and Mr. Fung Pui Cheung, an Independent Non-executive Director of the company who is an existing member of the remuneration committee, has been appointed as the chairman of the remuneration committee with effect from March 16, 2012.