The board of directors of China Yurun Food Group Ltd., together with its subsidiaries, announced that, in order to enhance business management, Mr. Yu Zhangli, an executive director of the company, has been appointed as the new Chief Executive Officer of the company in place of Mr. Zhu Yiliang, an executive director of the company, with effect from March 9, 2012. After the Group's internal re-shuffle, Mr. Yu, as the new Chief Executive Officer will take up the overall management of the Group. Both Mr. Yu and Mr. Zhu will continue to be executive directors of the company. Mr. Yu Zhangli, aged 43, has been an executive director of the Company since January 2010. Mr. Yu is responsible for the upstream chilled and frozen meat business of the Group. He joined the Group in March 1996 and held various positions within the Group.