The board of directors of Chinese People Holdings Company Limited announced that Mr. Li Jialin has been appointed as an Independent Non-executive Director and a member of the Audit Committee of the company both with effect from December 31, 2012. The appointment of Mr. Li has been approved by the Board and the Nomination Committee of the company. Mr. Li, aged 65, is currently the chairman of Shenzhen Property Management Association; the dean of Shenzhen Real Estate and Property Management Advanced Training College; a member of Shenzhen Decision Advisory Committee; and the leader of professional team of the Urban Planning Board of Shenzhen.