The board of directors of Shandong Xinhua Pharmaceutical Company Limited announced that with effect from 20 March 2015, Mr. Du Guanhua and Mr. Li Wenming have been appointed as the Independent Non-Executive Directors of the company. Mr. Du Guanhua is currently an independent non-executive director of Shandong Luoxin Pharmacy Stock Co. Ltd. and an independent director of Hebei Changshan Biochemical Pharmaceutical Co.

Ltd. Mr. Li previously held the positions of officer of Henan Pingdingshan Zhanhe Health Bureau, market researcher of Beijing CHNMED Consulting Co. Ltd. Mr. Li is currently a partner of Hejun Group Co., Ltd, a deputy secretary general of China Association of Pharmaceutical Commerce, an independent director of Beijing AKEC Medical Co. Ltd., a director of Beijing Tianheng Hospital Management Co.

Ltd. and a director of Diacha Diagnostics Technology (Suzhou) Co. Ltd.