The board of directors of First Pacific Company Ltd. announced that Mr. Jun Tang has tendered notice to the company that he will retire as an independent non-executive director of the company with effect from the conclusion of the 2013 annual general meeting of shareholders of the company to be held on May 30, 2013 and has decided not to offer himself for re-election. Mr. Tang has taken this decision due to his other personal commitments and business objectives. In accordance with the bye-laws of the company, Mr. Tang's terms of appointment will expire at the conclusion of the 2013 AGM.

He will also cease to be a member of the company's audit committee and nomination committee, on March 19, 2013. The board also announced the following change of members of its board committees for the purpose of balancing the duties and responsibilities among the directors, all with effect from March 19, 2013. Mrs. Margaret Leung Ko May Yee, an Independent Non-executive Director of the company, has been appointed as a member of the Audit Committee and the Chairman and a member of the Corporate Governance Committee.

Mr. Philip Fan Yan Hok, an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Nomination Committee (replacing Prof. Edward K.Y. Chen) and a member of the Corporate Governance Committee. Prof. Edward K.Y. Chen has ceased to be the Chairman and a member of the Nomination Committee. Mr. Graham L. Pickles has ceased to be a member of the Corporate Governance Committee.

Mr. Jun Tang has ceased to be a member of the Audit Committee and the Nomination Committee.