The board of directors of Coastal Greenland Limited announced that Mr. Lu Jiqiang (Mr. Lu) and Dr. Dai Jingming (Dr. Dai) have been appointed as non-executive Directors with effect from July 20, 2012. Mr. Lu, aged 41, is currently secretary of the board of Shum Yip Group Limited, and general manager of investor relations department of Shenzhen Investment Limited. He has extensive experience in business management, law affairs, compliance and risk management control. Dr. Dai, aged 48, is currently a general manager of risk management department of Shum Yip Group and Shenzhen Investment. He served the Agricultural Bank of China, Wuhan City Branch from 1992 to 1994. Dr. Dai joined Shum Yip Group since July 1998 and served as the deputy general manager of the headquarter office of Shum Yip Group during 2004 to 2007. From 2007 to 2009, Dr. Dai served as the deputy general manager of finance department of Shum Yip Group. Dr. Dai has extensive experience in corporate finance and management.