The board of Directors of Opes Asia Development Ltd. announced that Professor Chen Yamin has resigned as an independent non-executive director, a member of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee of the company due to his personal business arrangement, which will take effect from November 1, 2012. The board also announced that Ms. Li Meizhen has been appointed as an independent non-executive director, a member of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee of the company with effect from November 1, 2012. Ms. Li, aged 43, currently a practicing solicitor and a deputy director of GuangDong ShenPeng Law Firm.