China Infrastructure Investment Limited announced that with effect from August 1, 2012, Mr. Zhu Hai Hua, an executive Director, has been redesignated from vice chairman to chairman of the company; and Mr. Ye De Chao, an executive Director and chief executive officer of the company, has assumed the role as vice chairman of the company and he has also been appointed as a member of the Nomination Committee of the company. The also announced that on the same date, Mr. He Jin Geng and Mr. Yu Hong Gao have been appointed as independent non-executive Directors and members of the Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee of the company. The Board announced that on the same date, Mr. Kwok Hong Yee, Jesse and Mr. Keung Kwok Hung have resigned as independent non-executive Directors of the company. In the meantime, Mr. Kwok and Mr. Keung ceased to be members of the Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee of the company. The Board also announced that on the same date, Mr. Ye De Chao has been appointed as the authorised representative of the company. Mr. Zhu Hai Hua has joined the Company as an executive Director and vice chairman of the Company since January 10, 2012. Mr. Zhu was general manager of Jiangsu Yuanqi Property Company Limited in 2011. Mr. Ye De Chao has joined the company as an executive Director and chief executive officer since January 17, 2012. Mr. Ye is the chairman of Forward Investment (PRC) Company Limited, Nanjing Taihe Yingke Property Company Limited and Nanjing Wanlilai Real Estate Development Company Limited. Mr. He Jin Geng currently serves as a director and president of Nanjing Pharmaceutical Co. Ltd. Mr. Yu Hong Gao currently serves as deputy general manager of the Department of Entrusted Assets Management, general manager of Asset Management Department and general manager of Securities Investment Department of Huatai Securities Co. Ltd. Mr. Kwok and Mr. Keung have confirmed that they have no disagreement with the Board and there are no other matters relating to their resignations that need to be brought to the attention of the shareholders of the company.