The board of directors of Dynasty Fine Wines Group Ltd. announced that with effect from November 28, 2012, (1) Mr. Sun David Lee has been appointed as an independent non-executive director as well as member of each of the audit committee, remuneration committee and nomination committee of the company; and (2) Mr. Yeung Ting Lap Derek Emory, currently an independent non-executive director and a member of remuneration committee, has been appointed as chairman of the remuneration committee of the company. Mr. SUN David Lee, aged 47, is an executive director of China Outfitters Holdings Limited and Bio-Dynamic Group Limited, both companies listed on the Main Board of The Stock Exchange of Hong Kong Limited. He is also the chairman and an executive director of Asia Coal Limited, a company listed on the Main Board of the Hong Kong Stock Exchange.

He is a director and co-founder of CEC Management Limited, the management company of China Enterprise Capital Limited, a China focused private equity fund. Prior to helping establish CEC, he was a managing director of Pacific Alliance Group Limited, an Asia-focused alternative investment management firm. Mr. Sun was the director for strategy and business development Asia at Interbrew.

He was also a consultant in the corporate finance and strategy practice of McKinsey & Company Inc. in Hong Kong.