On December 24, 2012, Mr. Chao Ming Zhao resigned as the President of China Biologic Products, Inc., effective as of January 1, 2013. Mr. Zhao's resignation was not because of any disagreement with the company on any matter relating to the company's operations, policies or practices. On the same date, the Board of Directors of the company appointed Mr. Xiaoying (David) Gao, the company's Chief Executive Officer to also serve as the company's President, effective January 1, 2013.

Mr. Gao has served as a Director of the company since October 6, 2011, Chairman of the Board of Directors since March 30, 2012 and Chief Executive Officer since May 11, 2012.