Shandong Weigao Group Medical Polymer Co., Limited announced that Mr. Ju Hongfeng has resigned as the chief financial officer of the company with effect from January 28, 2014 and has been appointed as a vice president in supply chain management. As the Group continues to grow and expand, supply chain management is a core competence that will have to be enhanced. Mr. Ju has been with the Group since 2002. With his strong experience in finance and accounting, his knowledge and relationship built over the year both within and outside the Group, he is well suited to take up new role with the responsibility to strengthen the Group's supply chain management. Mr. Ju's new role will encompass planning and management of all activities involved in sourcing, procurement and logistics management of the supply chain.

The board of Shandong Weigao Group Medical Polymer Company Limited provided earnings guidance for the full year ended December 31, 2013. For the year, the company expects to result in a loss in total comprehensive income in the amount of approximately RMB 449 million, the group expects to record a significant decrease in consolidated profit attributable to owners of the company for the year ended December 31, 2013 as compared with the consolidated profit attributable to owners of the company recorded for the year ended December 31, 2012. This profit warning announcement is only based on the preliminary review by the company's management of the group's management accounts which have not been reviewed by the independent auditor or the audit committee of the company.