The board of directors of Shandong Xinhua Pharmaceutical Company Limited announced that Ms. Guo Lei has tendered her resignation as one of the joint company secretaries of the company due to personal reason, with effect from May 26, 2015. Upon Ms. Guo's resignation, Mr. Cao Changqiu, currently the other joint company secretary of the company, will remain as the company secretary of the company, and Ms. Guo will no longer hold any position in the company. Ms. Guo has confirmed that she has no disagreement with the Board and that there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the company.