Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. announced the appointment of Ms. Yu Xiao Yang ("Ms. Yu") as a non-executive director and Mr. Zhou Zhong Hui ("Mr. Zhou") as an independent non-executive director of the fourth session of the board of directors of the company, effective upon conclusion of the 2012 annual general meeting of the company. Ms. Yu Xiao Yang is a Founding Partner of China New Enterprise Investment (CNEI) with major international financial institutions.

She served at Paris Bank in Geneva, Dresdner Bank in Frankfurt, London and New York, and Salomon Brothers in New York. Zhou Zhong Hui is a member of the International Advisory Committee of the China Securities Regulatory Commission, the Audit Regulation Committee of Chinese Institution of Certified Public Accountant and the managing director of China Appraisal Society. He has been an independent director of BesTV New Media Co.

Ltd. The terms of office of Ms. Yu, Mr. Zhou will be from the date of the AGM until the date of the annual general meeting to be held around June 2014 (except for re-election). Mr. Hao Hong Quan ("Mr. Hao") and Mr. Zhu Ke Qin cease to act as the non-executive Directors of the company upon conclusion of the AGM.