The board of the directors of Ningbo WanHao Holdings Company Limited announced that Ms. Ma Ying ('Ms. Ma'), the supervisor and member of Supervisory Committee of the company, has tendered her resignation to pursue her personal career development. Following the resignation of Ms. Ma, the Board announced that, Mr. Li Yuhua ('Mr. Li'') has been appointed as a supervisor and the member of Supervisory Committee of the company. The Board also announced that Mr. Lu Xuan ('Mr. Lu'), the company's independent non-executive director of the Board; member of each of the audit committee and the nomination committee plus chairman and member of the remuneration committee, has tendered his resignation to pursue his personal career development.

Following the resignation of Mr. Lu, the Board announced that, Mr. Jiang Meiyin ('Mr. Jiang') has been appointed as the company's independent non- executive director of the Board; member of each of the audit committee and the nomination committee plus chairman and member of the remuneration committee. All the changes are effective from June 28, 2013. Mr. Li Yuhua is currently the executive general manager of WanLi Holding Group.

Mr. Jiang Meiyin, is currently the Head of Customer Service Center of Yuyao Power Supply Bureau.