BRIEF-Chevalier International Holdings updates on changes to board compositions of Unit

March 30 (Reuters) - Chevalier International Holdings


* Unit agreed to implement certain changes to board

compositions of qi yang chevalier investment

* "it is expected that revenue of group will be increased

after changes due to inclusion of qy group's revenue"

* QY group have been accounted for as interest in associates

in consolidated financial statements of group

* As a result of changes, cih bvi shall be able to control

respective board of directors of qy chevalier and qy chengdu

* Changes however are not expected to result in any material

changes to group's net assets and net profits attributable to


* There has not been any changes to respective equity

interest held by cih bvi and qy holdings in qy chevalier

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