The board of directors of Jiuzhou Development Company Limited announced that Mr. Gu Zengcai and Ms. Zeng Juan have resigned as an executive Director and a non-executive Director respectively both with effect from September 19, 2012 due to their respective new career pursuits. Mr. Gu has also resigned as the deputy chairman of the company and a member of the remuneration committee of the Board, with effect from the same date.