The board of directors of Minth Group Ltd. announced that it has been informed by Mr. Mu Wei Zhong ("Mr. Mu") that in light of his desire to gradually retire from the daily work in the Company, Mr. Mu will not act as an executive Director but will remain as a non-executive Director and continue to make valuable contributions to the Company as a member of the Board. The Board and Mr. Mu have agreed, therefore, that with effect from 21 March 2012, Mr. Mu shall be re-designated as a non-executive Director. The company has appointed Mr. Mu as a non-executive Director for a term from 21 March 2012 to 20 March 2013. Mr. Mikio Natsume ("Mr. Natsume") has tendered his resignation as a non-executive Director of the Company with effect on 21 March 2012 due to his decision to retire. Mr. Natsume confirmed that he has no disagreement with the Board and that there is no other matter regarding his resignation as a non-executive Director that needs to be brought to the attention of the Shareholders.