The board of directors of China Lilang Limited announced that Mr. Lai Shixian has been appointed as Independent Non-executive Director and a member of the Audit Committee of the company with effect from 13 December 2012. Mr. Lai, aged 38, is the chief operating officer, an executive director and a vice president of ANTA Sports Products Limited. Mr. Lai has been appointed by the Company for an initial term of two years commencing from 13 December 2012, renewable automatically for successive terms of two years each upon expiry of the then current term of appointment until terminated by either party giving not less than three months' written notice to the other expiring at the end of the initial term of his appointment or any time thereafter.

He is subject to the rotational retirement and re-election requirements at the annual general meetings of the company pursuant to the Articles of Association. The Board also announced that Mr. Chen Tien Tui, an Independent Non-executive Director of the company, resigned as a member of the Audit Committee. He shall remain as the chairman of Remuneration Committee and a member of Nomination Committee.