Mountain China Resorts (Holding) Limited
TSX VENTURE : MCG

Mountain China Resorts (Holding) Limited

November 29, 2013 12:24 ET

Mountain China Appoints Gang Han as Chief Executive Officer and Yang Shi as Chief Financial Officer

BEIJING, CHINA--(Marketwired - Nov. 29, 2013) - Mountain China Resorts (Holding) Limited (TSX VENTURE:MCG) ("MCR" or the "Company"), announces that it has appointed Mr. Gang Han, who was previously serving as the Company's Chief Financial Officer, as its Chief Executive Officer. The former Chief Executive Officer of the Company, Mr. Zhenhua Mao, will remain as the Company's Chairman of the Board and a director.

Furthermore, the Company is pleased to announce that it has appointed Mr. Yang Shi as its Chief Financial Officer. Mr. Shi has been a manager of Asset Management Division of China Chengxin Investment Company Limited for over 14 years. He received his certification from the Beijing Institute of Certified Public Accountants as a Certified Public Accountant in China in 2010 and graduated from the Beijing Institute of Economics with a bachelor's degree in 1994.

About MCR

MCR is the premier developer of four season destination ski resorts in China. MCR is transforming existing China ski properties into world-class, four seasons luxury mountain resorts with excellent real estate investment opportunities for discerning buyers. In February 2009, the Company's Sun Mountain Yabuli Resort was awarded Best Resort Makeover in Asia by TIME Magazine. Yabuli is also the permanent home of the China Entrepreneur's Forum the leading and most influential community of China's most distinguished and successful entrepreneurs and business leaders with over 5,000 members from across a variety of key industries.

ON BEHALF OF THE BOARD

Gang Han, Chief Executive Officer

www.mountainchinaresorts.com

The TSX Venture Exchange nor its Regulation Services Provider has neither approved nor disapproved the contents of this press release.

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