The board of directors of Billion Industrial Holdings Limited announced that Ms. Ma Yun and Mr. Chen Bo have been appointed as the non-executive directors of the company and that Mr. Li Zhi Xian, Mr. Lin Jian Ming have been appointed as the independent non-executive directors of the company, with effect from March 31, 2013. Ms. Ma Yun has more than 21 years of experience and since December 1997, she joined CECIC Chong Qing Industry Co. Ltd. Mr. Chen Bo an economist has more than 12 years of experience in investment management.

Since September 2012, he was appointed as the assistant to General Manager and manager of the strategy management department of CECIC. Mr. Li Zhi Xian has many years experience in financial management, corporate governance, corporate finance, corporate and financial advisory, restructuring, mergers and acquisitions. Between October 2009 to December 2011, he was an external director of China SDIC International Trade Co.

Ltd. Mr. Lin Jian Ming has many years of experience in education and research.