Founder Holdings Ltd. announced that Mr. Liu Xiao Kun and Mr. Wo Fei Yu resigned as executive Directors with effect from April 2, 2013. Mr. Li Sheng Li and Ms. Liu Yu Xiao were appointed as executive Directors with effect from April 2, 2013. Due to the resignation of Mr. Liu Xiao Kun as the executive Director on April 2, 2013, he also resigned as the president of the Company with effect from April 2, 2013.

Professor Yang Bin, an executive Director, was appointed as the president of the Company with effect from April 2, 2013. Mr. Li Sheng Li, aged 40, is the vice president and chief financial officer of Founder Information Industry Holding Co. Ltd. Ms. Liu Yu Xiao, aged 36, is the vice president of Founder Information.