The board of directors of Nan Nan Resources Enterprise 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 effective on 1 April 2012, Mr. Kwan Man Fai ceased to be the chairman of the remuneration committee of the company but remain as a member of the remuneration committee. Mr. Wong Man Hin, Raymond, an independent non-executive director, has been appointed as the chairman of the remuneration committee with effect from 27 March 2012. The board also announced that with effect from 27 March 2012 a nomination committee as a sub-committee of the board has been established. Ms. Lo Fong Hung has been appointed as the chairperson of the nomination committee and Mr. Kwan Man Fai, Mr. Lam Ka Wai, Graham, Mr. Wong Man Hin, Raymond, and Mr. Chan Yiu Fai, Youdey have been appointed as the members of the nomination committee.