On November 14, 2012, the board of directors of China XD Plastics Company Ltd. appointed Mr. Feng Li as a member of the Board, effective November 14, 2012. Further, the Board appointed Mr. Li to serve as a member of each of the Audit and Nominating Committees of the Board and the new chairman of the Compensation Committee of the Board. Mr. Li, age 50, is a deputy director at Plastics Processing R&D Center of Beijing Research Institute of the Chemical Industry, as well as a member of the Science and Technology Committee of Beijing Research Institute of the Chemical Industry.