The board of directors of China Haisheng Juice Holdings Co. Ltd. announced that Mr. Li Bing has resigned as an executive director of the company with effect from 8 April 2013 due to his decision to pursue other career development opportunities and Mr. Lo Wai Tat Andrew has resigned as an independent non-executive Director, chairman of audit committee and members of nomination committee and remuneration committee of the company with effect from 8 April 2013 as he would like to focus on other personal commitments. The Board announced that Mr. Zhao Chongjun has been appointed as an executive Director with effect from 8 April 2013 and Mr. Chan Bing Chung has been appointed as an independent non-executive Director, chairman of audit committee and members of nomination committee and remuneration committee of the company with effect from 8 April 2013.

Mr. Zhao Chongjun has joined the Group since 2001. He is now responsible for the strategic and financial work of the Group. Mr. Zhao was the general managers of transliterated as Anhui Dangshan Haisheng Fresh Fruit Juice Co.

Ltd. and transliterated as Dalian Haisheng Fresh Fruit Juice Co. Ltd. Mr. Zhao will hold office as a Director until the next general meeting of the company and will retire at that general meeting, but will be eligible for re-election. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants.

Mr. Chan is a director and founder of JP Union & Co., an accounting firm in Hong Kong. Prior to his current position, Mr. Chan was the company secretary and qualified accountant of Hidili Industry International Development Limited during the period between July 2007 and September 2008. Mr. Chan has entered into a letter of appointment with the company for a term of 3 years commencing on 8 April 2013, subject to retirement and rotation in accordance with the Articles.

Under the Articles, Mr. Chan will hold office as a Director until the next general meeting of the company and will retire at that general meeting, but will be eligible for re-election.