The board of directors of Tenfu (Cayman) Holdings Company Limited announced that Mr. Wei Ke has been appointed as a non-executive director of the company, with effect from August 27, 2012. Mr. Wei, is a Principal at the General Atlantic private equity firm. He is based in Beijing and focuses on General Atlantic's investment opportunities in Greater China.

Prior to joining General Atlantic, Mr. Wei served as an Investment Principal at Actis from 2008 to 2009. Mr. Wei has entered into a service contract with the company for a term of one year subject to retirement by rotation and re-election at the general meeting of the company in accordance with the articles of association of the company. The Board also announced that Mr. Lee Min-Zun has resigned as an executive director of the company for the purpose of compliance of Rule 3.10A of the Listing Rules and ceased to act as an authorized representative of the company under the Listing Rules, with effect from August 27, 2012.

He will remain the chief financial officer of the company. The Board further announces that Mr. Lee Chia Ling, an executive director of the company, has been appointed as an authorized representative under the Listing Rules, with effect from August 27, 2012.