China Rongsheng Heavy Industries Group Holdings Limited announced that with effect from November 26, 2012 Mr. Zhang Zhi Rong has resigned as a non-executive Director and Chairman of the Board; and Mr. Zhang De Huang has resigned as an executive Director and Vice Chairman of the Board. The Board also announced that with effect from November 26, 2012, Mr. Chen Qiang, an executive Director, Executive Vice Chairman and Chief Executive Officer of the Company has been appointed by the Board as Chairman of the Board; and Mr. Wei A Ning has been appointed by the Board as an executive Director of the Company. Mr. Wei has served as the senior vice president of the Company since October 2012.