The board of directors of Hengli Commercial Properties (Group) Limited announced that effective on April 1, 2012, Mr. Yip King Keung, Pony, an independent non-executive Director of the company, has been appointed as the chairman of the remuneration committee of the company in place of Mr. Chen Chang Wei, Chairman and Executive Director of the company, with effect from March 1, 2012. Mr. Chen Chang Wei remained as a member of the Remuneration Committee.