The board of directors of Nan Hai Corporation Limited announced that Mr. Hu Bin was appointed as independent non-executive director, chairman of remuneration committee, members of audit committee and nomination committee of Sino-i Technology Limited, a listed subsidiary of the company, on 27 September 2013. Mr. Hu, is Director of the Research Center for Financial Law and Regulations and Director-General Assistant of Institute of Finance and Banking at Chinese Academy of Social Science.