The board of directors of CPMC Holdings Limited announced that Mr. Shi Wanpeng has resigned as an independent non-executive Director and Mr. Andrew Y. Yan has been appointed as an independent non-executive Director with effect from March 17, 2014. Mr. Yan, aged 56, is the Founding Managing Partner of SAIF Partners. Prior to joining SAIF, he was the Managing Director and Head of the Hong Kong office of the Emerging Markets Partnership from 1994 until 2001.

Mr. Yan is a recipient of 2012 China's national "Thousand Talents Program" and a member of its selection committee in 2012.