The board of directors of Shenzhen Investment Limited announced that Mr. LU Hua, the acting Chairman of the Board, the President and an executive director of the company, has been re-designated as the Chairman of the Board of the company and resigned as the President of the company with effect from January 31, 2013. Thereafter, he will act as the Chairman of the Board and executive director of the company. The Board of the company also announced that Mr. GAO Shengyuan has been appointed as the President of the company with effect from January 31, 2013.

Mr. GAO Shengyuan, aged 47, is currently the President of Shum Yip Group Limited and Shum Yip Holdings Company Limited. Mr. GAO joined Shum Yip Group Limited in January, 2013. He had served as a member of district committee and standing committee of Futian District, Shenzhen Municipal, deputy district chief and deputy secretary of Party Committee of the People's Government of Futian District, deputy district chief of the People's Government of Nanshan District and department chief of Bureau of Finance of Nanshan District, Shenzhen Municipal, deputy director of Bureau of Finance Budget of Shenzhen Municipal.

He has extensive experience in corporate finance management and capital operation.