The board of directors of Dawnrays Pharmaceutical (Holdings) Ltd. announced that Mr. Gao Yi has rendered his letter of resignation to the company due to health reason and will resign from his position as an executive director, the chief executive officer of the company as well as other directorships at the subsidiary level of the company with effect from March 9, 2014. The Board also announced that Ms. Huang Dongmei has been appointed to act as the chief executive officer of the company with effect from March 9, 2014. Ms. Huang joined the subsidiary of the company in August 2004.

She is the general manager of Neo-Pharm sales division of Suzhou Dawnrays Pharmaceutical Co. Ltd. and the vice general manager of Dawnrays Pharma (Hong Kong) Ltd. She was appointed as the vice president of the company in November 2013.