China Rongsheng Heavy Industries Group Holdings Limited announced that Mr. Hu Wei Ping (Mr. Hu) has been appointed by the Board as an independent non-executive Director, with effect from the conclusion of the annual general meeting of the Company held on May 28, 2013. Mr. Hu is currently an independent director of GD Power Development Co. Ltd. Each of Mr. Xia Da Wei (an independent non-executive Director) and Mr. Hu Wei Ping (an independent non-executive Director with effect from the conclusion of the 2013 AGM) has been appointed as a member of the audit committee, the corporate governance committee and the nomination committee of the Company with effect from the conclusion of the 2013 AGM. Mr. Xia Da Wei has been appointed as a member of the finance and investment committee of the Company with effect from the conclusion of the 2013 AGM. Each of Mr. Chen Qiang (Chairman of the Board), Mr. Tsang Hing Lun (an independent non-executive Director) and Mr. Hu Wei Ping has been appointed as a member of the remuneration committee of the Company with effect from the conclusion of the 2013 AGM. The company also announced that Mr. Zhang Xu Sheng (an independent non-executive Director and a member of the remuneration committee of the Company) has also been appointed as the
chairman of the remuneration committee with effect from the conclusion of the 2013 AGM.