Sihuan Pharmaceutical Holdings Group Ltd. announced Mr. Bai Huiliang ("Mr. Bai") has resigned as an independent non-executive Director and ceased to be the chairman and member of the remuneration committee of the company (the "Remuneration Committee"), a member of each of the nomination committee (the "Nomination Committee") and the audit committee (the "Audit Committee") of the company due to other business commitments and engagements; and Mr. Zhu Xun ("Mr. Zhu") has been appointed as an independent non-executive Director, the chairman and member of the Remuneration Committee and a member of each of the Nomination Committee and the Audit Committee of the company. Mr. Zhu has been a non-executive director of Cathay International Pharmaceutical Limited since August 2011. Mr. Zhu has entered into an appointment letter with the company on February 20, 2014 for a term of one year commencing from February 20, 2014.