Board of Directors

Since 12 May 2002, the members of the board of directors of Tianyun International Holdings Limited (the "board") are as follows:

Mr. Yang Ziyuan (Chairman, executive director and chief executive officer)

Mr. Sun Xingyu (Executive Director)

Mr. Yang Yunyao (Executive Director)

Ms. Chu Yinghong (non executive director)

Mr. Huang Yanbin (non executive director)

Mr. Liang Zhongkang (independent non-executive director)

Professor Lv Yuanping (independent non-executive director)

Mr. Xiao Shuming (independent non-executive director)

Professor yexinggan (independent non-executive director)

The board of directors has established an audit committee, a Remuneration Committee, a nomination committee and a strategic development committee

The composition is as follows:

Members of the Committee
Audit Committee

Mr. Xiao Shuming (Chairman)

Mr. Liang Zhongkang (member)

Professor Lv Yuanping (member)

Professor yexinggan (member)

Remuneration Committee
Mr. Liang Zhongkang (Chairman)

Mr. Yang Ziyuan (member)

Professor Lv Yuanping (member)

Mr. Xiao Shuming (member)

Professor yexinggan (member)

Nomination Committee
Mr. Yang Ziyuan (Chairman)

Mr. Liang Zhongkang (member)

Professor Lv Yuanping (member)

Mr. Xiao Shuming (member)

Professor yexinggan (member)

Strategic Development Committee

Mr. Yang Ziyuan (Chairman)

Mr. Sun Xingyu (member)

Ms. Chu Yinghong (member)

Mr. Huang Yanbin (member)

Mr. Liang Zhongkang (member)

Mr. Ho Ho Tung (member)

Hong Kong, 12 May 2002