The Board of Directors of Luzhou Bio-chem Technology Limited announced that Wang De You will be appointed as the Chief Executive Officer of the company with effect from February 1, 2012. Wang has been an Executive Director of the company and the Group Deputy General Manager since the company's listing in 2006. Following Wang's appointment as the CEO, Niu Ji Xing, the Executive Chairman of the company, who had been carrying out the duties of the CEO since September 2009, will relinquish such duties.