The board of directors of Shenzhen International Holdings Limited announced that with effect from September 18, 2012, Mr. Gao Lei has been appointed as the Chairman and an executive director of the company and Mr. Li Lu Ning has been appointed as an executive director of the company. Mr. Guo Yuan has resigned from his position as an executive director and the Chairman of the company as he is close to retirement age. Mr. Wang Dao Hai has resigned from his position as a non-executive director of the company for work commitment.

There is no disagreement between Mr. Guo Yuan and Mr. Wang Dao Hai and the Board and there are no other matters in relation to the resignation of Mr. Guo Yuan and Mr. Wang Dao Hai that require the attention of the shareholders of the company. Mr. Gao had successively worked as an executive member (section chief level) of the Finance Office of Shenzhen Municipal People's Government, secretary (deputy division chief level) of the Secretariat of The General Office of Shenzhen Municipal People's Government, assistant to the president of Shenzhen Development Bank and concurrently branch manager of Bao'an Sub-branch and Guangzhou Branch, and assistant to the president and chief economist of Shenzhen Investment Holding Corporation. Mr. Li had successively worked as the deputy director of the Secretariat of The General Office of Shenzhen Municipal Committee, deputy director (director level) of Shenzhen Municipal Bureau of Classified State Information, director of the Conference Division of The General Office of Shenzhen Municipal Committee and deputy general manager of Shenzhen Dachanwan Investment & Development Co.

Ltd. Mr. Guo Yuan was appointed as the Chairman and an executive director of the company in August 2006 and is responsible for the overall development strategy of the Group. Mr. Wang Dao Hai was appointed as a non-executive director of the company in June 2008.