The board of C.BANNER INTERNATIONAL Holdings Limited announced that Mr. Zhang Zhiyong, who was nominated by CVC as an independent non-executive Director pursuant to the CB Subscription Agreement, has been appointed as an independent non-executive Director of the Company with effect from 15 October 2012. Mr. ZHANG Zhiyong, aged 44, is currently an executive director of Li Ning Company Limited. Mr. Zhang joined Li Ning group in 1992 and was the former Chief Executive Officer of Li Ning for the period from June 2004 to July 2012.