Directorate Change

HaiKe Chemical Group Ltd

Directorate Change

HaiKe Chemical Group Limited ("HaiKe" or the "Company"), the AIM quoted (AIM: HAIK) petrochemical, speciality chemical and biochemical business based in China, is pleased to announce the appointment of Dr. James Kwanglin Yuann as a Non-Executive Director of the Company with immediate effect. Upon the planned departure of Mr. Eugene Wong as a Non-Executive Director of the Company on 28 October 2010, Dr. Yuann will be appointed as the Chairman of the Audit Committee and a member of the Remuneration Committee.

Dr. Yuann, age 62 and a US national, is the Managing Director of Boyden China. He also teaches 'Leadership' and 'Business Models Comparison Between Multinational and Local Companies in China' in the IMBA program collaboration between MIT (Sloan School of Management) and Fudan University, in Shanghai. Prior to joining Boyden China, Dr. Yuann was the President of Asia - Specialty Materials for Honeywell International. From 1995 to 2004, he was the General Manager of Asia for PolyOne Corporation. Prior to joining PolyOne Corporation, Dr. Yuann held various positions with Monsanto and Standard Oil Company (later acquired by BP). Dr. Yuann has been involved in Asian business since 1984 and was relocated to Hong Kong as Director of Asia by BP Chemical in 1989. He is currently resident in Shanghai. He is the author of the recently published book 'Super Trends of Future China'.

Dr. Yuann holds a D.Sc. degree in Chemical Engineering from Washington University in St. Louis, Missouri, a M.S. in Materials Science from University of Cincinnati and a B.S. degree in Chemical Engineering from National Taiwan University. He is an Asia Council member of AMA (American Management Association) and a lifetime member of AIChE (American Institute of Chemical Engineers).

No further disclosures are required under paragraph (g) of Schedule 2 of the AIM Rules.

Mr. Xiaohong Yang, Executive Chairman, said: "We are delighted to announce the appointment of Dr. Yuann as an independent Non-Executive Director. Dr. Yuann has extensive experience in the energy and materials industries, and will add further valuable experience to the board of HaiKe."

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