The board of directors of Founder Holdings Limited announced that Mr. Li Sheng Li resigned as executive director of the company with effect from March 20, 2014 to devote more time for the business of associated corporations of Peking University Founder Group Company Limited. Ms Zuo Jin was appointed as executive director of the Company with effect from March 20, 2014. Mr. Li Sheng Li has confirmed to the Company that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that need to be brought to the attention of the shareholders of the Company.

Ms. Zuo Jin is the vice president and chief financial officer of Peking University Founder Information Industry Group Co. Ltd.