The board of directors of MIE Holdings Corporation announced that Mr. LAW Cheuk Kin, Stephen has resigned as the alternate director to Mr. WANG Sing with effect from 30 September 2012 due to Mr. LAW's resignation from TPG, a shareholder of the Company who nominated the appointment of Mr. WANG, a non-executive director of the Company. The Board of the Company announced that Mr. TSANG Chi Kin has been appointed as the alternate director to Mr. WANG with effect from 30 September 2012. Mr. TSANG, aged 47, is an alternate director to Mr. WANG, a non-executive director of China Renewable Energy Investment Limited.

Mr. TSANG is also an Operating Partner of TPG.