The Board of Directors of Birmingham International Holdings Limited announced that Mr. Panagiotis Pavlakis has been appointed as an executive director of the company with effect from 7 January 2015. Since January 2008 and prior to his appointment as a director of the company he has been working for Kingsway Financial Group as an Equity Capital Markets Banker. The Board also announced that Mr. Liu Enxue and Mr. Li Hanguo has been appointed as an independent non-executive Director, a member of audit committee, remuneration committee and nomination committee of the company with effect from 7 January 2015.

Mr. Liu has consecutively served as the section chief, secretary to the Communist Party Committee, branch manager of Jianghan Oilfield, and the president of Jianghan Petroleum Broach Company Limited. He has acted as the section chief and branch manager of Zhongyuan Oilfield, as well as the president, secretary of the Communist Party Committee and minister of the coordinating committee of Zhongyuan Oil and Gas Company Limited, Mr. Liu was the head of the preparatory team and secretary of the Communist Party Committee of China Petroleum & Chemical Corporation since June 2004, and served as the chairman of the supervisory committee of Sinopec Asset Company. Mr. Li is the Director of the Securities and Futures Research Centre, Professor of finance and a postgraduate tutor at Jiangxi of Finance (JUFE).

Mr. Li is an independent director of Heng Gagaoxin Co. Ltd., Sanchuan Shuibiao Co. Ltd., Xinhui Meida Nylon Co.

Ltd., Jiangxi Jingan Gaoke Co Ltd. Mr. Li is also working as the counsellor of the People s Government of Nanchang City and a member of Financial Committee at Zhengzhou Commodity Exchange.