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(incorporated in Bermuda with limited liability)

(Stock Code: 380)

(1) RE-DESIGNATION OF DIRECTOR

(2) CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE (3) CHANGE OF MEMBER OF NOMINATION COMMITTEE

The Board announces that:
1. Mr. Lai Guanglin has been re-designated from a Non-Executive Director to an
Executive Director of the Company with effect from 14 March 2012;
2. Mr. Lai Guanglin ceased to be the Chairman but remained as a member of the Remuneration Committee of the Company, and Ms. Yang Li has been appointed as the Chairman of the Remuneration Committee with effect from 14 March 2012; and
3. Mr. Lai Guanglin has been appointed as a member and the Chairman of Nomination Committee of the Company to replace Mr. U Kean Seng, and Mr. U Kean Seng ceased to be a member and the Chairman of the Nomination Committee with effect from 14 March 2012.
RE-DESIGNATION OF DIRECTOR
The board of directors (the "Board") of China Pipe Group Limited (the "Company"