The board of directors of Powerlong Real Estate Holdings Ltd. announced that Mr. Leung Yuk Ming has resigned as the company secretary and one of the authorized representatives of the company and the authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong, with effect from 4 October 2012 to pursue his personal career development. The Board announced that Ms. Xiao Yinglin has been appointed as the company secretary and one of the authorized representatives of the Company and the authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong, with effect from 4 October 2012. Ms. Xiao joined the Company in October 2012.

From November 2005 to October 2007, Ms. Xiao acted as a company secretary of Lianhua Supermarket Holdings Co. Ltd.