The board of directors of China Yurun Food Group Ltd. announced the resignation of Mr. Jiao Shuge as non-executive director and member of the audit committee of the company with effect from September 22, 2012. Mr. Jiao is a director of CDH China Management Company Limited. Mr. Jiao has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.

The Board also announced the appointment of Mr. Qiao Jun, an existing independent non-executive director of the company as a member of the Audit Committee with effect from September 22, 2012. Mr. Qiao Jun is also the existing chairman of the Remuneration Committee of the company. Mr. Qiao Jun has been an independent non-executive Director of the company since January 2010.

He is the dean and a professor of the School of Marketing and Logistics Management of the Nanjing University of Finance and Economics.