The board of directors of Shenzhou International Group Holdings Limited announced that Mr. Zong Pingsheng has tendered his resignation as an independent non-executive Director with effect from 1 April 2013. Upon his resignation as an independent non-executive Director, Mr. Zong would cease to be a member of each of the audit committee and the nomination committee of the company. Mr. Zong decided to resign as a Director as he has reached the age of retirement.

The Board announced that Mr. Qiu Weiguo has been appointed as an independent non-executive Director and a member of each of the Audit Committee the Nomination Committee with effect from 1 April 2013. Before joining the Group, Mr. Qiu served as the chief of Ningbo Bureau of Quality and Technical Supervision and the secretary to the Party Committee.