The board of Haitian International Holdings Limited announced that Mr. Dai Guowah has tendered his resignation as an independent non-executive director of the company and a member of the Audit Committee and the Nomination Committee and a member and the chairman of the Remuneration Committee, all with effect from March 28, 2013 and Mr. Jin Hailiang has been appointed as an independent non-executive director of the company with effect from March 28, 2013. Mr. Jin has also been appointed as a member of the Audit Committee and the Nomination Committee and the member and chairman of the Remuneration Committee. Mr. Jin Hailiang, aged 59, is currently the Chairman and General Manager of Ningbo Xinlong Real Estate Company Limited.

Mr. Jin is also a councilor of the Ningbo Real Estate Association, the President of Ningbo Beilun Real Estate Association, a committee member of the Beilun Committee of Ningbo City of the Chinese People's Political Consultative Conference.