The board of directors of China Yurun Food Group Ltd. announced that Mr. Zhu Yicai has tendered his resignation as an executive director, the chairman of the Board, and a member of both the Nomination Committee and Remuneration Committee of the company due to engagements and commitments in serving the community and his other personal investments, which require more of his dedication. Mr. Zhu confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company. Mr. Zhu is the founder of the Group. In order to continuously benefit from Mr. Zhu's tremendous experience, Mr. Zhu has been appointed as the Honorary Chairman and a Senior Advisor to the Board. As the Honorary Chairman, Mr. Zhu does not hold any position of director or senior management officer of the company. As a Senior Advisor to the Board, Mr. Zhu will provide advice to the Board on affairs in connection to the Group's activities and development (including but is not limited to the Group's business development, strategy, industry deployment and corporate governance). Mr. Yu Zhangli, the existing chief executive officer and executive director, has been appointed as the chairman of the Board. By virtue of his position of the chairman of the Board, he will also serve as a member of both the Nomination Committee and Remuneration Committee of the company but he will cease to be the chief executive officer of the company. Mr. Li Shibao was appointed as the chief executive officer of the company in place of Mr. Yu. Mr. Li, aged 36, joined the Group in August 1999 and worked at Nanjing Jinfurun Food Co. Ltd. from August 1999 to February 2008. Since February 2008, Mr. Li has been a vice president of the company, responsible for the Group's processed meat products business. Mr. Zhu will cease to be an authorized representative of the company and Mr. Yu is appointed as an authorized representative of the company.