The board of directors of Dongyue Group Limited announced that Mr. Yan Jianhua, due to his commitment to other personal development, has resigned as an executive director of the company with effect from 21 March 2013. Mr. Yan shall remain as a director of certain subsidiaries of the company. Mr. Yan has confirmed that he has no disagreement with the board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the company.

The board announced that Dr. Wu Tao has been appointed as an executive director of the company with effect from 21 March 2013. Dr. Wu is not appointed for a specific term but shall be subject to the provisions of retirement by rotation at least once every three years and re-election in accordance with the articles of association of the company. In particular, the terms of Dr. Wu's appointment shall be subject to his re-election at the next annual general meeting of the company in accordance with the articles.

Dr. Wu Tao joined the Company in 2005 and is currently a director of Shandong Dongyue Chemicals Co. Ltd., Shandong Dongyue Polymers Co. Ltd., Shandong Dongyue Fluo-Silicon Materials Co.

Ltd., Shandong Dongyue Organosilicon Material Co. and Dongying Dongyue Salt. Co.

Ltd., all of which are the company's subsidiaries. In addition, Dr. Wu is currently a director and vice president of Macro-Link Holding Co. Ltd, the chairman of Macro-Link Asset Investment Co.

Ltd. and a director of various incorporations in the People's Republic of China.