The board of directors of Shanghai Jin Jiang International Hotels (Group) Company Limited announced that because Mr. Yang Weimin has attained retirement age, he will cease to be (i) an executive Director with effect from the date of the general meeting of the Company and the vice chairman and chief executive officer of the Company with effect from 27 March 2015. The Board announced that Ms. Guo Lijuan has been nominated as a Director and the vice chairman of the Company. The appointment of Ms. Guo as a Director is subject to the approval at the general meeting of the Company.

Such appointment is to fill the vacancy arising from the retirement of Mr. Yang as a Director. Ms. Guo Lijuan, aged 52, has been nominated as a Director and the vice chairman of the Company. Ms. Guo was the deputy head of the suburban department and the rights and interests department of China Communist Youth League Shanghai Committee.

She was the general manager and the chairman of Shanghai Advertising Co. Ltd. She was a director and the vice president of Shanghai World Expo (Group) Co. Ltd. She was an executive director and the chairman of Shanghai Foreign Service Co.

Ltd. and the vice president of Shanghai East Best International (Group) Co. Ltd. She is currently the president and a director of Jin Jiang International Holdings Company Limited.