The board of directors of PW Medtech Group Limited announced that Mr. Feng Dai has resigned as a non-executive director of the company with effect from March 20, 2015 due to his intended pursuit of other business commitments. Following his resignation as a non- executive director, he has also ceased acting as a member of the remuneration committee of the Board. The Board announced that Mr. Fang Min has been appointed as a non-executive Director of the company and a member of the remuneration committee of the Board with effect from March 20, 2015.

Mr. Fang Min is a non-executive director of the company and a member of the remuneration committee of the Board. In addition to his above positions, Mr. Fang has been a principal of Beijing Warburg Pincus Investment Consulting Company Limited, Shanghai Branch. Mr. Fang has been a director of China Biological Products Inc. since March 2015.

Mr. Fang also serves on the board of several private companies including EA. Inc. and Beijing Amcare Women's and Children's Hospital Co. Ltd. The company has issued a letter of appointment to Mr. Fang for a term of office of 3 years from March 20, 2015.