China Tianrui Group Cement Company Limited announced the retirement of Mr. Li Heping and Mr. Liu Wenying as an executive director of the company and change of nomination committee member and remuneration committee member. Mr. Li Heping will remain as the chief executive officer of the company and Mr. Liu Wenying will cease to be the authorized representative of the company. Mr. Yu tendered his resignation as an executive director and chief financial officer of the company.

The Board has appointed Mr. Yang as an executive director, authorized representative of the company and a member of the nomination committee. Mr. Yang will remain as the general manager of Tianrui Cement. The Board has appointed Mr. Xu as an executive director, chief financial officer of the company and a member of the remuneration committee.

Mr. Xu will remain as the chief financial officer of Tianrui Cement. Mr. Wang has been appointed as an executive director of the company. Mr. Wang has also been appointed as the deputy chief executive officer of the company.

Mr. Yang has extensive experience in the cement industry and is primarily responsible for the daily production and operation of the company and its subsidiaries. Mr. Xu has 15 years of experience in finance and accounting. Before joining the Group, Mr. Xu served as an accountant of the finance department of Ruzhou Tongyong Casting Co.

Ltd. and the deputy general manager and head of the finance department of Xingfeng Group Co. Ltd. Mr. Wang has extensive experience in finance and investment sectors. Before joining the Group, Mr. Wang was the chief editor of Henan Rural Financial Newspaper deputy director of Pingdingshan sub-branch of Agricultural Bank of China.

All the above changes effective from May 11, 2013.