The board of Hidili Industry International Development Limited announced that Mr. Xian Yang, currently an executive director, the chairman of the Board, and the chief executive officer of the company, has resigned as the chief executive officer of the company with effect from August 27, 2013. Mr. Xian Yang will remain as an executive director of the company and the chairman of the board. The board announced that Mr. Wang Rong has resigned as an executive director of the company with effect from August 27, 2013 due to the increased commitment in his own business.

Mr. Sun Jiankun, currently an executive director and the administration president of the Company, has resigned as the administration president of the company with effect from August 27, 2013. Mr. Sun Jiankun will remain as an executive director of the company. Following the resignation of Mr. Xian Yang as the chief executive officer of the company, the board announced that Mr. Sun Jiankun, currently an executive director of the company, has been appointed as the chief executive officer of the company with effect from August 27, 2013.

Mr. Sun Jiankun has been an executive director of the company since September 1, 2007.