Shanghai Prime Machinery Co., Ltd. announced that Mr. Hu Kang will resign as director of the company due to job change, with effect from the date of the annual general meeting of the company on which the proposed changes of directors and supervisor of the company are to be approved by the shareholders of the company. Meanwhile, Mr. Hu Kang will resign as chief executive officer of the company, with effect from 12 April 2013. Mr. Xu Chao will resign as vice chairman of the board and director due to job change, with effect from the date of the AGM.

Mr. Yuan Mifang will resign as chairman of the supervisory committee of the company and supervisor due to job change, with effect from the date of the AGM. Mr. Zhou Zhiyan has been nominated as director, with effect from the date of the AGM and until the expiration of the term of the current session of the board. Meanwhile, Mr. Zhou Zhiyan has been appointed as chief executive officer of the company, with effect from 12 April 2013.

Mr. Dong Jianhua has been nominated as supervisor, with effect from the date of the AGM and until the expiration of the term of current session of the supervisory committee.