Haitian International Holdings Limited announced that Mr. Dai Xiangbo has tendered his resignation as independent non-executive director of the company and member of the Audit Committee with effect from March 30, 2012. Mr. Dai Xiangbo tendered his resignation due to his commitment in his work at the finance department of the provincial government of Zhejiang province. Mr. Dai Guowah and Mr. Lou Baijun have been appointed as independent non-executive directors of the Company with effect from March 30, 2012. Both Mr. Dai Guowah and Mr. Lou Baijun have been appointed as members of the Audit Committee and Mr. Dai Guowah has also been appointed as member of the Remuneration Committee. Mr. Lou Baijun is at the same time appointed as the Chairman of the Audit Committee while Mr. Dai Guowah is appointed as the Chairman of the Remuneration Committee. Mr. Zhang Jianming will resign as Chairman of the Remuneration Committee and remains as its member. Mr. Dai Guowah, aged 60, retired from the central committee of Ningbo in 2011 after more than 30 years of public service at various posts in central committees and governmental departments of Ningbo, Fenghua, Yuyao and other administrative districts. Mr. Lou Baijun is currently the Head of Modern Logistics School of Zhejiang Wanli University. Mr. Lou is a member of the Chinese Institute of Certified Public Accountants since 1996. The Nomination Committee is established by the Board on 30 March 2012 and Mr. Zhang Jingzhang, the Chairman of the Board, and Mr. Dai Guowah and Mr. Gao Xunxian, independent non-executive directors of the Company, were appointed as members of the Nomination Committee. Mr. Zhang Jingzhang is appointed as chairman of the Nomination Committee upon its establishment.