On October 11, 2012, the Board of Directors of Deyu Agriculture Corp. held a Board meeting whereby the Board expanded the number of members serving on the Board from five to seven in accordance with the company's Bylaws. In addition, the Board filled the vacancies created by such expansion by appointing Messrs.

Greg Chen and Jan Poulsen to serve on the Board until the next following annual meeting of the stockholders of the company, at which such directors shall be eligible for election by the stockholders. Also effective October 11, 2012, Mr. Longjiang Yuan resigned as a member of the company's Audit Committee, effective immediately, and Mr. Poulsen was appointed to serve on the Audit Committee, effective immediately. Mr. Yuan continues to serve as a Board member of the company.

The Board also accepted the amicable resignation of Jianming Hao as President and appointed Mr. Chen to serve as President of the company, effective immediately. Mr. Chen shall report to the company's Chief Executive Officer and his responsibilities shall include, without limitation, assisting the company with its international and domestic market development, enhancing the company's investor relations programs and the execution of those programs and assisting the company with its corporate and operational strategies and business planning.