The Board of Directors of Hong Kong Economic Times Holdings Limited announced that Mr. Kwan Ka Ming has been appointed as an independent non-executive director, a member of Audit Committee and a member of Remuneration committee of the company with effect from 31 December 2012. He was the former Head of the Global Research Team of Standard Chartered Bank (Hong Kong) Limited (SCB) in the Eastern Hemisphere, including Japan, Korea, Greater China, Southeast Asia, Australia and New Zealand. The Board further announced that Mr. Chow On Kiu, an independent non-executive director of the company, has resigned as a member of Audit Committee and a member of Remuneration Committee of the company with effect from 31 December 2012.

Mr. Chow remains an independent non-executive director and Chairman of Nomination Committee of the company.