The board of China Agri Products Exchange Limited announced that at its AGM held on 16 May 2013, Mr. Lee Chun Ho retired as an independent non-executive Director, the chairman of the nomination committee and a member of each of the audit committee and the remuneration committee of the company upon the conclusion of the AGM for his personal affairs. Mr. Lee confirmed that he had no disagreement with the Board and there were no matters relating to his retirement that need to be brought to the attention of the shareholders. The board further announced that Mr. Lau King Lung was appointed by the Board as an independent non-executive Director, the chairman of the nomination committee and a member of each of the audit committee and the remuneration committee of the company with effect immediately upon the conclusion of the AGM.

Mr. Lau King Lung is a chartered engineer with his profession registration both in the United Kingdom and Hong Kong. He is currently a project consultant for a knowledge community development project in Dalian, the PRC with over 3 million square meters. Mr. Lau shall hold office until the next general meeting of the company after his appointment and thereafter subject to retirement by rotation and re-election in accordance with the Bye-laws.