The board of directors of China Sanjiang Fine Chemicals Company Limited announced that Mr. WANG Wanxu (Mr. WANG) will resign as an independent non-executive Director effective from March 28, 2014 due to the increasing demand of his time and focus of his other commitments. Upon his resignation, Mr. WANG will also cease to be a member of the audit committee and the nomination committee and a member and the chairman of the remuneration committee.