The board of directors of Tingyi (Cayman Islands) Holding Corp. announced that Teruo Nagano has been appointed as an executive director of the company with effect from 19 September 2013. Teruo Nagano has been employed by Sanyo Foods Co.

Ltd. since February 2000 and joined the company in March 2000 as the Senior Advisor to the office of the Chief Financial Officer. In July 2007 he returned to Sanyo Foods as the Deputy General Manager of the Oversea Division and then joined the company again in November 2010 as the Senior Advisor to the office of the Chief Financial Officer.