Xiangyu Dredging Holdings Limited announced that effective April 25, 2012, Mr. Liu Longhua has been appointed as its Joint Chairman, non-executive director, member of the remuneration committee and chairman of the nomination committee. Mr. Huan Xuedong has been appointed as its independent non-executive director and member of the audit committee. Mr. Dong Liyong has resigned as its Joint Chairman, non-executive director, member of the remuneration committee, chairman of the nomination committee, and authorized representative of the company; and the company's Joint Chairman, executive director and Chief Executive Officer, Mr. Liu Kaijin has been appointed as the its authorized representative.