RemeGen Co., Ltd. — Board/Management Information 2010

Mar 30, 2010

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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Overseas Chinese Town (Asia) Holdings Limited 華僑城（亞洲）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03366)

ANNOUNCEMENT CHANGE OF CHIEF EXECUTIVE OFFICER

The Board would like to announce the following:

• (1) Mr. Ni Zheng resigned as a Chief Executive Officer of the Company with effect from 30 March 2010; and

• (2) Ms. Xie Mei has been appointed as the Chief Executive Officer of the Company with effect from 30 March 2010.

The Board of directors (the “Board”) of Overseas Chinese Town (Asia) Holdings Limited (the “Company”, together with its subsidiaries the “Group”) would like to announce the following:

1. Mr. Ni Zheng

The Board has duly accepted the resignation of Mr. Ni Zheng (“Mr. Ni”), an executive director of the Company (“Executive Director”), as the Chief Executive Officer of the Company with effect from 30 March 2010, but will remain as an Executive Director. Mr. Ni has confirmed that:

• (i) his resignation as the Chief Executive Officer of the Company is owing to the proposed resignation of Mr. Hou Songrong (“Mr. Hou”) as an Executive Director, who serves as the Chairman of the Company, immediately after closing of the forthcoming annual general meeting of the Company and the proposed appointment of Mr. Ni as the Chairman of the Company as Mr. Hou’s replacement;

• (ii) he has no disagreement with the Board or any constituent members thereof; and

• (iii) there are no matters that need to be brought to the attention of Shareholders in relation to his said resignation.

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Mr. Ni has also confirmed that he has no claim against the Company for loss of office as the Chief Executive Officer whether by way of compensation, remuneration, severance payments, expenses, damages or otherwise.

The Board would like to take this opportunity to extend its gratitude to Mr. Ni for his efforts and valuable contributions to the Company during his tenure of office as the Chief Executive Officer of the Company.

The Company will issue an announcement when the proposed change in Chairmanship takes effect.

2. Ms. Xie Mei

Ms. Xie Mei (“Ms. Xie”), an Executive Director, has been appointed as the Chief Executive Officer of the Company with effect from 30 March 2010. Terms of the existing employment of Ms. Xie will remain unchanged.

Ms. Xie, aged 42, joined the Group in December 2004. Ms. Xie is a director of all the BVI and Hong Kong incorporated subsidiaries of the Company (except Bantix International Limited) and the following PRC incorporated subsidiaries of the Company: Shenzhen Huali Packing & Trading Co., Ltd., Huizhou Huali Packaging Co., Ltd., Huali Packaging (Huizhou) Co., Ltd. and Shenzhen Huayou Packaging Co., Ltd.. Ms. Xie has been a deputy general manager and general manager of the strategic development department of Overseas Chinese Town Enterprises Company (“OCT Group”). Ms. Xie is currently a director of two subsidiaries of OCT Group, namely Inter Continental, Shenzhen and Yunnan OCT Industrial Co., Ltd. Ms. Xie is also the deputy general manager of Overseas Chinese Town (HK) Company Limited. Ms. Xie graduated from the Department of Electrical Engineering of Xi’an Jiaotong University and obtained a bachelor’s degree in Engineering in 1989. She also obtained a master degree in Economics from the People’s University of the PRC in 1999. Ms. Xie was appointed as a non-executive Director in September 2005 and was re-designated as an Executive Director in August 2007.

As the Chief Executive Officer of the Company, Ms. Xie will be responsible for the management of the Group’s business, the implementation of significant policies, the daily operational decisions as well as the coordination of the overall operation.

By order of the Board

Overseas Chinese Town (Asia) Holdings Limited Hou Songrong Chairman

Hong Kong, 30 March 2010

As at the date of this announcement, the Board comprises eight Directors, namely: Mr. Hou Songrong, Mr. Ni Zheng, Ms. Xie Mei and Mr. Zhou Guangneng as executive Directors; Mr. Zheng Fan as non-executive Director; Ms. Wong Wai Ling, Mr. Xu Jian and Mr. Lam Sing Kwong Simon as independent non-executive Directors.

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