The board of directors Victory City International Holdings Ltd. announced e that a nomination committee of the company has been established by the Board with written terms of reference with effect from March 19, 2012. The members of the Nomination Committee shall comprise such Directors appointed by the Board. The Board has appointed Mr. Li Ming Hung (an executive Director and chairman of the Board), Mr. Kan Ka Hon (an independent non-executive Director) and Mr. Phaisalakani Vichai (an independent non- executive Director) as members of the Nomination Committee and Mr. Li Ming Hung has been appointed and shall act as the chairman of the Nomination Committee with effect from March 19, 2012.