The board of directors of Sheen Tai Holdings Group Company Limited announced that Mr. Zeng Xiangyang has been appointed as an executive Director and President of the Company with effect from January 1, 2013. He had been the vice-general manager of Ling Xian Fei Yu Import & Export (Shenzhen) Co. Ltd. and the vice-general manager of Jiangsu Shuntai Packaging & Printing Science Technology Co.

Ltd. The Board announced that Mr. He Lijun has been appointed as an executive Director with effect from January 1, 2013. In June 2012, he was appointed as the vice president of the Group. Mr. He is also the general manager of Jiangsu Sheen Colour Science Technology Co.

Ltd.