The Board of Directors of Orient Overseas International Ltd. announced that with effect from July 1, 2012, Mr. Chow Philip Yiu Wah will be re-designated from an Executive Director to a Non-Executive Director of the Company, as recommended by the Nomination Committee of the Company and approved by the Board. Mr. Chow has been an Executive Director of the Company since 2003. Subsequent to his re-designation as a Non-Executive Director, Mr. Chow will cease to be a member of the Executive Committee but will remain as a member of the Finance Committee and the Share Committee of the Company.