The board of directors of China Dredging Environment Protection Holdings Limited announced that with effect from January 17, 2014, Ms. Peng Cuihong resigned as an independent non-executive director and a member of the audit committee and the nomination committee, and the chairman of the remuneration committee due to other work arrangement. Ms. Peng has confirmed that she has no disagreement with the board and that she was not aware of other matters that need to be brought to the attention of the shareholders of the company in connection with her decision to resign. The board announced that with effect from January 17, 2014, Mr. Xu Hengju has been appointed as an independent non-executive director and a member of the Audit Committee and the Nomination Committee and the chairman of the Remuneration Committee.

Mr. Xu held the positions of Deputy Director of the Office of the Municipal Party Committee of Yancheng, Deputy Secretary-general and the Director of Office of the Municipal Party Committee of Yancheng, and the Secretary of Xiangshui County Party Committee of the Chinese Communist Party.