The board of directors of Tianda Pharmaceuticals Limited announced that with effect from 3 August 2015, Mr. FANG Wen Quan will resign as the managing director of the company but will remain as the chairman of the Board and an executive director of the company. On the same date, Mr. SHI Shaobin, an executive director of the company, will be appointed and take up the role as the managing director of the company. Mr. SHI served as chairman in Guangzhou Pearl River Piano Group Co.

Ltd. which his resignation was on 22 March 2014.