The board of directors of AVIC International Holding (HK) Limited announced that Mr. Jiang Wei has resigned as executive director and Deputy Chairman of the company and Mr. Liu Rongchun has resigned as executive director of the company, both with effect from 28 January 2013. The Board announced that Mr. You Lei has been appointed as executive director of the company with effect from 28 January 2013. He is an executive vice president of AVIC International Holding Corporation, a substantial shareholder of the company, the general manager of AVIC International Shenzhen Company Limited and the chairman of the board of directors of Shenzhen Shennan Circuit Co.

Ltd. Mr. You has extensive experience in business administration. He is also an executive director of AVIC International Holdings Limited and the vice chairman of the board of directors of Tianma Microelectronics Co. Ltd. Mr. You was the vice chairman of the board of directors of Fiyta Holdings Ltd. (appointment ended on 24 August 2012) and a director of Rainbow Department Store Co.

Ltd. (appointment ended on 18 April 2012) and Mr. Pan Linwu, an executive director of the company, has been appointed as Deputy Chairman of the company with effect from 28 January 2013.