CINS Holding Corp. - Corporate Update

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HONG KONG, Dec. 27, 2012 /CNW/ - CINS Holding Corp. (the "Company") (CNSX: CHD) announced that at the Annual General and Special Meeting (the "Meeting") of the shareholders held on December 14, 2012, the following persons were elected as directors: Chung Yan Lee, Sheng (Sam) Wang, George Dorin, Stephen So, and Shu Wai Chan. The Company's Stock Option Plan dated November 8, 2007, as amended and restated September 28, 2012, was also approved until the next Meeting.

At a Board Meeting held immediately following the Meeting on December 14, 2012, Chung Yan Lee was elected Chairman and reappointed as President & Chief Executive Officer of the Company and Sheng (Sam) Wang, CGA was reappointed as Chief Financial Officer and Corporate Secretary. The Company's Audit Committee, and Compensation and Corporate Governance Committee were also reconstituted for the ensuing year. Audit Committee has three members which include George Dorin, Stephen So, and Shu Wai Chan.  Compensation and Corporate Governance Committee has three members which include George Dorin, Stephen So, and Sheng (Sam) Wang. George Dorin, Stephen So, and Shu Wai Chan are considered Independent Directors.

Also at the Board Meeting, 2,138,500 options previously granted to directors, officers, and employees on September 28, 2012 with an exercise price of $0.70 have been cancelled entirely.

About CINS Holding Corp.
CINS Holding Corp. is an emerging technology company focusing on online game software research and development.  The Company carries out its business through its wholly owned subsidiary Dongguan CINS Technology Co., Ltd. in China in order to exploit the immense potential of the online game market in China.

CINS Holding Corp. currently has 21,387,083 common shares issued and outstanding.

On behalf of the Board of Directors

CINS Holding Corp.
Sam Wang
Chief Financial Officer and Director

WARNING: This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: CINS Holding Corp.

CINS Holding Corp.
Sam Wang
Chief Financial Officer and Director

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E-mail [email protected].