The board of directors of China Financial International Investments Limited announced that Mr. Liu Baorui tendered his resignation as the executive director and chief executive officer and will, ipso facto, cease to be the members of the executive committee, the nomination committee and the risk management committee of the company with effect from January 11, 2013 due to his other work engagements and personal reasons. Mr. Liu has confirmed that he has no disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The board announced that Mr. Zeng Xianggao has been appointed as a member of the nomination committee of the company with effect from January 11, 2013 to fill the vacancy following the resignation of Mr. Liu.

The board further announced that Mr. Sha Naiping has been appointed as a non-executive director with effect from January 11, 2013. He is currently an executive director of Gene Harbor (Hong Kong) Technologies Limited since 2005. He has over 20 years of experience in accounting field.