The board of directors of Sihuan Pharmaceutical Holdings Group Ltd. announced that with effect from 4 September 2013. Mr. Eddy Huang has resigned as a non-executive Director due to other business commitments and engagements. Mr. Xu Kangsen has resigned as an independent non-executive Director and ceased to be the chairman and member of the nomination committee of the company, a member of each of the remuneration committee and the audit committee of the company due to other business commitments and engagements; and Mr. Tsang Wah Kwong has been appointed as an independent non-executive Director, the chairman and member of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee.

Mr. Tsang, aged 61, is a former partner of PricewaterhouseCoopers in Hong Kong and China. He has over 30 years of experience in auditing and providing support for initial public offerings and acquisition transactions. Mr. Tsang is currently an independent director, chairman of the audit committee and a member of the compensation committee of Agria Corporation.