The board of directors of Paradise Entertainment 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, a nomination committee of the company has been established by the board with written terms of reference with effect from 30 March 2012. Mr. Jay Chun, Mr. Frank Hu and Mr. Li John Zongyang (all of them are directors of the company) have been appointed as the members of the nomination committee. Mr. Jay Chun has also been appointed as the chairman of the nomination committee.