Shandong Xinhua Pharmaceutical Co. Ltd. announced that the resignations of Mr. Liu Hongwei and Mr. Yu Xiong as the Company's independent non-executive directors. In this connection, it is proposed that Mr. Du Guanhua and Mr. Li Wenming are to be elected as the independent non-executive directors of the Company at the EGM to replace Mr. Liu Hongwei and Mr. Yu Xiong.

The new term of office of the elected independent non-executive directors will commence from the date of approval by the Shareholders at the EGM and will end on the expiry of the term of the eighth session of the Board of the Company.