Man Wah Holdings Ltd. announced that Mr. Xie Fang has been appointed as a non-executive Director and a member of the Audit Committee and Mr. Kan Chung Nin, Tony as an independent non-executive Director and a member of each of the Nomination Committee and Remuneration Committee with effect from 20 May 2013. The Board announced that Mr. Wang Guisheng, an executive Director, has been appointed as a member of each of the Nomination Committee and Remuneration Committee with effect from 20 May 2013. Mr. Xie Fang has been the managing director of CDH Investments since 2006 where he is primarily responsible for private equity investments. Currently, he is also a director at Suntar Environment Engineering (Xiamen) Co., Ltd, Zhejiang Jindun Pressure Vessel Co. Ltd., Access Universe International Limited and MeiHua Holdings Group Co. Ltd. Mr. Kan Chung Nin, Tony is the Senior Partner of Tony Kan & Co., Solicitors & Notaries, practicing as a Solicitor of the Supreme Court of Hong Kong since 1982. He is also a Solicitor of the Supreme Court of England and Wales, a Barrister and Solicitor of the Supreme Court of the Australian Capital Territory, as well as Advocate and Solicitor of the Supreme Court of the Republic of Singapore. He is also a China Appointed Attesting Officer and a Notary Public. Mr. Kan is currently a Committee Member of the National Committee of the Chinese People's Political Consultative Conference and was a Committee Member of the Guangdong Committee of the Chinese People's Political Consultative Conference for three consecutive terms.

Man Wah Holdings Ltd. provided preliminary earnings guidance for the twelve months ended March 31, 2013. For the period, the group expects its unaudited consolidated net profit as compared to that for the corresponding period in 2012 to increase by approximately 75% to 95%.

Man Wah Holdings Ltd said that it continues to evaluate opportunities to acquire a piece of land in first tier cities in China for the development of an office building for the group.