The board of directors of Dynasty Fine Wines Group Limited announced that Ms. Shi Jing will be appointed as a non-executive Director with effect from 1 December 2013 and Dr. Wang Weidong will resign as a non-executive Director due to other business engagement with effect from 1 December 2013. Ms. Shi has been in corporate finance (domestic and foreign) and financial management for many years. Ms. Shi will enter into a service contract with the company for a term of three years with effect from 1 December 2013, which may continue for further successive periods of one year each and subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the articles of association of the company, provided that the company may terminate the service contract by two months notice.

Dr. Wang has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the holders of securities of the Company in relation to his resignation.