Rongsheng’s Independent Non – Executive Director Resigns

Rongsheng Announces Resigning of Executive Director (China)

The board of directors of China Rongsheng Heavy Industries Group Holdings Limited announced today that Mr. Zhang Xu Sheng has resigned as an independent non – executive director of the company with effect from 31 July 2013 due to health reasons.

Upon his resignation as an independent non – executive director, Mr. Zhang also resigned as the chairman of the corporate governance committee, the nomination committee and the remuneration committee of the company, and a member of the audit committee of the Company with effect from 31 July 2013.

The Board also announced that Mr. Wang Jin Lian has been appointed by the Board as an independent non – executive director of the company with effect from 31 July 2013. Mr. Wang, aged 67, is currently the secretary general of China Association of the National Shipbuilding Industry.

Mr. Wang has over 40 years of experience in shipbuilding industry. He is currently an expert of China International Engineering Consulting Corporation Academic Committee and Jiangsu Province Marine Engineering Industry Technology Innovation Strategic Alliance Technical Committee.

He previously held various senior positions, including deputy director general of the international bureau of China State Shipbuilding Corporation, director general of the planning and development department of of China State Shipbuilding Corporation, vice chairman of Shanghai Waigaoqiao Shipbuilding Co., Ltd. and vice chairman of Hudong Heavy Machinery Co., Ltd. He is currently an independent director of Shanghai CSR Hange Shipping Engineering Co., Ltd.

Mr. Wang holds the senior engineer (researcher level) qualification in China. He graduated from Beijing Institute of Aeronautics in 1969.

[mappress]

Rongsheng, July 31, 2013

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