Honghua Group Limited — Board/Management Information 2012

Dec 27, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HONGHUA GROUP LIMITED

宏華集團有限公司

(a company incorporated in the Cayman Islands with limited liability)

(Stock Code: 196)

APPOINTMENT OF ALTERNATE DIRECTOR

The Board announces that, with effect from December 27, 2012, Mr. PoPin Su has been appointed as the alternate director to Mr. Siegfried Meissner, a non-executive director of the Company.

The board of directors (the “ Board ”) of Honghua Group Limited (the “ Company ”) announces that, with effect from 27 December, 2012, Mr. PoPin Su (“ Mr. Su ”) has been appointed as the alternate director to Mr. Siegfried Meissner, a non-executive director of the Company.

Mr. Su, aged 47, has been the Vice President and Corporate Treasurer of Nabors Industries since 2008. Mr. Su acted as the Vice President of Nabors Drilling International Ltd from 1999 to 2007. Mr. Su holds a Bachelor of Science degree from National Taiwan University and a Master’s degree in Business Administration from University of Texas at Austin.

There is no service contract entered into between Mr. Su and the Company with respect to his appointment as an alternate director to Mr. Siegfried Meissner. Mr. Su’s appointment will be effective so long as Mr. Siegfried Meissner remains to be a director of the Company or his appointment has not been revoked by Mr. Siegfried Meissner.

Mr. Su will not receive any remuneration in his capacity as an alternate director of the

Company. Pursuant to the Articles of Association of the Company, Mr. Su shall not be entitled to receive any remuneration from the Company in respect of his appointment as an alternate director except only such part (if any) of the remuneration otherwise payable to Mr. Siegfried Meissner as Mr. Siegfried Meissner may direct by notice in writing to the Company from time to time.

Mr. Su has not held any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas, and does not hold any other position with the Company or its subsidiaries.

As at the date of this announcement, Mr. Su does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance and does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company save and except that he is acting as the Vice President and Corporate Treasurer of Nabors Industries, the substantial shareholder of the Company (as defined in the Rules Governing the Listing of Securities on the The Stock Exchange of Hong Kong Limited, the “ Listing Rules ”).

Save as disclosed above, there is no other information relating to the appointment of Mr. Su as an alternate director to Mr. Siegfried Meissner that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules nor any matters that need to be brought to the attention of the shareholders of the Company.

On behalf of the Board Honghua Group Limited Zhang Mi Chairman

PRC, 27 December 2012

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Mi (Chairman), Mr. Ren Jie and Mr. Liu Zhi, the non-executive directors of the Company are Mr. Siegfried Meissner （ Mr. PoPin Su as his alternate ） and Mr. Huang Dongyang and the independent non-executive directors of the Company are Mr. Liu Xiaofeng, Mr. Qi Daqing, Mr. Tai Kwok Leung, Alexander, Mr. Chen Guoming, Mr. Shi Xingquan and Mr. Guo Yanjun.