Shanghai Tonva Petrochemical Co., Ltd. announced that at the AGM held on June 23, 2015, Ms. Chen Yuanling has been appointed as the Independent Supervisor of the fourth session of the Supervisory Committee. Her term of office will commence from the amendment to the Articles 116 and 117 in respect of the restructuring of the Supervisory Committee of the Articles has been approved by the relevant authority to the forthcoming session of the Supervisory Committee. Ms. Chen has served as the vice general manager of Shanghai Greenwoods Investment and Development Co., Ltd. since September 2014 and has been assigned by Shanghai Greenwoods Investment and Development Co., Ltd. as a director of Changan Fund Management Co., Ltd. since April 2015.

The Board announced that at the staff representative meeting of the Company held on 23 June 2015, Mr. Jiang Feng has been elected as a staff representative Supervisor of the fourth session of the Supervisory Committee. His term of office will commence from the amendment to the Articles 116 and 117 in respect of the restructuring of the Supervisory Committee of the Articles has been approved by the relevant authority to the forthcoming session of the Supervisory Committee. Mr. Jiang Feng aged 34, joined the Secretary Office of the Board in May 2013.

He was appointed as the securities affairs representative of the Company since October 2014. Mr. Jiang will enter into a agreement for staff representative Supervisor with the Company for a term commencing from date of amendment to the Articles 116 and 117 of the Articles has been approved by the relevant authority until the forthcoming session of the Supervisory Committee and is subject to re-election provisions in the Articles and either party may early terminate the agreement by giving not less than one month's prior notice in writing to the other party. The Board further announced that at the AGM, Ms. Ye Mingzhu, a supervisor representing shareholders has been re-designated as an independent Supervisor with effect from the date of amendment to the Articles 116 and 117 has been approved by the relevant authority.

Ms. Ye Mingzhu aged 69, has served as a Supervisor representing shareholders of the Company since December 2012. She is a certified public accountant in the PRC. She is currently the manager of ShineWing Certified Public Accountants and the independent director of Fujian Start Group Co., Ltd.