Gome official news: Zhang Dazhang to replace Chen Xiao as chairman of the Board

March 9 Evening News Gome (00493.HK) issued to Sina Financial Bulletin, stating the appointment of Gome new chairman and management changes: Zhang Dazhang to replace Chen Xiao as chairman of the board. The following is the full text of Gome announcement: Beijing, March 9, 2011 – Gome Electric Holdings Limited (stock code: 493, "Gome" or "Company") announced in Hong Kong today the appointment of Zhang Dazhang as a non-executive director and chairman of the board, and Li Port as an independent non-executive director of the company, Effective from March 10, 2011. Mr. Chen resigned as chairman of the board, Executive Director, executive committee member, Chairman and authorized representative on family grounds, and Sun Yiding also resigned as executive director of the company on the basis of family reasons and came into effect on the same day.　　Mr. Sun will still hold the post of vice president of the company. Zhang Dazhang is a respected Chinese entrepreneur, founder of Beijing Big China Electric Appliance Co., Ltd., and chairman of Beijing Big Chinese Investment Co., Ltd., a private-equity investment company.　　Mr. Zhang has won the honorary title of "Outstanding Private Entrepreneur of China" and "builders of socialism with outstanding Chinese characteristics", and is currently vice chairman of Beijing Municipal Federation of Industry and Commerce and member of the Standing Committee of the 13th session of the NPC. Li Port has been a partner of Ernst and firm in the past 29 years and has played a leading role in the development of the Chinese business. It is an independent non-executive director of a number of listed companies in Hong Kong, including China Taiping Insurance Holdings Limited, Super Power Holdings Limited, Western China Cement Co., Ltd. and China Modern Animal husbandry Holdings Limited. Mr. Li also served as Sino Vanadium Inc., a gem of the Toronto Stock Exchange in Canada. Independent non-executive Director.　　Mr. Li has been a member of Hunan CPPCC since 2007. Wang Junzhou, executive director and President of Gome, said: "The company's board of Directors hereby thank Mr. Chen and Mr. Sun for their valuable services to the company." At the same time, we warmly welcome Mr. Zhang and Mr. Li to believe that they will be competent for the new position, uphold the common philosophy of senior management and key stakeholders, and lead Gome to a brighter future. "Wang Junzhou will continue to serve as President and executive director of Gome Electrical appliances.　　In the announcement, Mr Chan and Mr. Sun said that they had no disagreement with the board's decision and that there were no unresolved issues for the remaining shareholders to pay attention to. Gome Chairman Zhang Dazhang said: "Gome is a good company, and I am excited to lead this cohesive and United Board of Directors to protect the interests of shareholders and enhance the company's value." Gome Management team has a rich experience, with a clear and far-sighted development strategy, coupled with the domestic macro-economic take-off, will further strengthen the company's advantages and expand Gome business. "About Gome Gome Electric Holdings Limited was listed in the Hong Kong Stock Exchange in July 2004 (Stock code: 493)-Gome group was established in China in 1987 to engage in the retail business of Electrical and consumer electronics – Gome is China's largest retail chain of electrical and consumer electronics products and China's largest 0Sale of chain enterprises.