The board of directors of Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. announced on March 19, 2013 that Mr. Hao Hong Quan has tendered resignation as non-executive Director of the fourth session of the Board due to the change in the shareholder of the company who has nominated him and Mr. Zhu Ke Qin has tendered resignation as non-executive Director of the fourth session of the Board due to work reallocation arranged by his employer; and Mr. Zhu Zu Shun has tendered resignation as Supervisor of the fourth session of Supervisory Committee the due to the change in the shareholder of the company who has nominated him and Mr. Chen Meng Zhao has tendered resignation as supervisor of the fourth session of the supervisory committee of the company due to work reallocation arranged by their employers. Such resignations have been accepted by the Board upon discussions and will become effective after the conclusion of the forthcoming 2012 annual general meeting of the company. Mr. Hao, Mr. Zhu Ke Qin, Mr. Zhu Zu Shun and Mr. Chen has confirmed that he does not have any disagreement with the company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.
The Board also announced that it proposes to appoint Ms. Yu Xiao Yang as a non-executive Director of the fourth session of the Board; Mr. Zhou Zhong Hui as an independent non-executive Director of the fourth session of the Board; Mr. Zhao Wen Bin and Mr. Li Ning Jian as Supervisors of the fourth session of the Supervisory Committee. The proposed appointment of Directors and Supervisors are subject to approval by the shareholders of the company at the 2012 AGM. Ms. Yu Xiao Yang is a Founding Partner of China New Enterprise Investment (CNEI) and has over 20 years of banking and investment experience. She served at Paris Bank in Geneva, Dresdner Bank in Frankfurt, London and New York, and Salomon Brothers in New York. Mr. 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 used to be the Chief Accountant of the China Securities Regulatory Commission, the Senior Partner and General Manager and Director of accountant of PricewaterhouseCoopers Zhong Tian CPAs Limited Company and the Professor of Shanghai University of Finance and Economics. He has been an independent director of BesTV New Media Co. Ltd. since 23 December 2011. Mr. Zhao Wen Bin is currently the managing director of Shanghai Fudan Holdings Co. Ltd. He used to be deputy managing director of the Enterprise Incubation & Equity Management Office of Fudan University, the secretary of Fudan Charity Fund, deputy director of Student Service Union, deputy secretary of Fudan University Committee of the Communist Youth League, etc. Mr. Li Ning Jian has years of experience in venture capital and securities investment. He is currently the senior investment manager of Shanghai Pudong Science and Technology Investment Co. Ltd.