On April 15, 2013, the Board of Directors of Deyu Agriculture Corp. accepted the amicable resignations of Jianming Hao as Chief Executive Officer, Greg Chen as President and Jan Poulsen as a Director of the company, effective immediately. Also on April 15, 2013, the Board appointed Greg Chen to serve as Chief Executive Officer and Jan Poulsen to serve as President of the company until the next annual meeting of the Board or until their successors are duly elected, qualified and seated, effective immediately.

Jianming Hao shall continue to serve as Chairman of the Board and Greg Chen shall remain as a Director of the company.