The board of directors of Tungtex Holdings Co. Ltd. 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 April 1, 2012, Mr. Benson Tung Wah Wing will cease to act as the chairman of the remuneration committee of the company but will remain as a member of the Remuneration Committee, and Mr. Robert Yau Ming Kim, an independent non-executive director, be appointed as the chairman of the Remuneration Committee with effect from March 20, 2012.