The board of the directors of Ningbo WanHao Holdings Company Limited announced that an extraordinary general meeting will be convened to pass the following resolutions: to appoint Mr. He Keng, Ms. Wu Shanhong, Mr. Chen Weiqiang and Mr. Ding Cheng as the executive directors of the company; and to appoint Mr. Zhang Zhuoyong and Mr. Zhang Tieyi as the independent non-executive directors of the company. Mr. He Keng, aged 40, served as a chairman of RuiYuan Machine Tool Group Co. Ltd. since 2005. Ms. Wu Shanhong, aged 30, joined RuiYuan Machine Tool Group Co. Ltd. in September 2006. She is currently the manager of the finance management department of the company. Mr. Chen Weiqiang, aged 35, joined RuiYuan Machine Tool Group Co. Ltd. in March 2004. He is currently the manager of the marketing department of the company with extensive sales experience. Mr. Ding Cheng, aged 28, joined RuiYuan Machine Tool Group Co. Ltd. in January 2010. He is currently the manager of the sales department of the company and has extensive experience in sales of machines. Mr. Zhang Zhuoyong, aged 42, engaged in sales and management in the pharmaceutical industry since August 1995. He is currently the managing director of Jiaxing Boyada Pharmaceutical Co. Ltd. and has extensive experience in management of pharmaceutical marketing. Mr. Zhang Tieyi, aged 40, joined Hangzhou Saifute Traffic Facilities Co. Ltd. in May 2006. He is currently the project manager and senior engineer of the company. The Board received the resignation letters of the following directors: Mr. Zhu Guo An and Mr. Zhu Chun Rong to resign as executive directors; Mr. Jiang Guo Ping, Mr. Zheng Xin and Mr. Zhu Guo Dan to resign as non-executive directors; and Mr. Lu Song Qian and Mr. Lu Xiang Tai to resign as independent non-executive directors. The board announced that the EGM will be convened to pass the resolutions to approve the appointment of Mr. Shi Huanmiao, Mr. Zhang Shenggen and Mr. Chen Yuankang as supervisors of the company. Mr. Shi Huanmiao, aged 31, joined RuiYuan Machine Tool Group Co. Ltd. in July 2007. He is currently the deputy head of technology department and a senior engineer, and held positions including technical engineer and project manager. Mr. Zhang Shenggen, aged 69, joined RuiYuan Machine Tool Group Co. Ltd. in May 2004 and is currently the head of corporate management department. Mr. Chen Yuankang, aged 42, joined RuiYuan Machine Tool Group Co. Ltd. in April 2002 and is currently the head of the production department.