The board of directors of China XLX Fertiliser Ltd. announced that Mr. Li Buwen has resigned as an executive director of the Company with effect from 27 March 2015. This is a personal decision of Mr. Li as he is getting on in age and would like to reduce his official commitments and to spend more time with his family. The Board further announced that Mr. Zhang Qingjin has been appointed as an executive director of the Company with effect from 27 March 2015.

Mr. Zhang, aged 48, has been the executive deputy general manager of Henan Xinlianxin Fertiliser Co. Ltd. since July 2011, and was the deputy general manager of Henan XLX since November 2006.