The board of directors of Chinese People Holdings Company Limited announced that Prof. Zhao Yanyun has been appointed as an Independent Non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company, all with effect from 24 July 2013. The appointment of Prof. Zhao has been approved by the Board and the Nomination Committee of the company. Prof. Zhao is currently the Dean; a professor and a doctoral tutor of School of Statistics, Renmin University of China and act as an officer of the China Research Center for Competitiveness and Evaluation in Renmin University of China.

He is also a part-time tutor of Hebei University; Henan University of Economics and Law; Lanzhou University of Finance and Economics; Beijing University of Technology; Anhui University of Finance and Economics; Shanxi University of Finance & Economics; Shijiazhuang University of Economics; Anhui University and Shandong University of Finance and Economics. Other than disclosed above, Prof. Zhao does not hold or did not hold any other directorships in the last three years in any public companies the securities of which are listed.