The board of directors of Bloomage BioTechnology Corporation Limited announced that Mr. Zhang Fuping has resigned as an independent non-executive Director, member of the audit committee and nomination committee and chairman of the remuneration committee of the company with effect from February 28, 2014 due to his other career development. The Board further announced that Mr. Qin Bin has resigned as an independent non-executive Director, chairman of the Audit Committee and member of the Remuneration Committee with effect from February 28, 2014, as he has been assigned to work in the United States. The Board announced that Mr. Li Junhong has been appointed as an independent non-executive Director with effect from February 28, 2014.

Mr. Li Junhong is a member of The Chinese Institute of Certified Public Accountants and has over 20 years of experience in auditing, accounting, merger and acquisition consultancy and management consultancy with local accountants firms and private companies. The Board also announced that Mr. Hai Wen has been appointed as an independent non-executive Director with effect from February 28, 2014. Mr. Hai Wen, had been a permanent deputy director of The China Center for Economic Research at Peking University, vice principal of Peking University and the dean of the Shenzhen Graduate School of Peking University.

The Board also announced that Mr. Li has also been appointed as the chairman of the Audit Committee and a member of the Remuneration Committee and Mr. Hai has been appointed as a member of the Audit Committee and the Nomination Committee and the chairman of the Remuneration Committee. The above appointments are effective from February 28, 2014.