Mountain China Resorts (Holding) Limited

Mountain China Resorts (Holding) Limited

May 29, 2013 11:17 ET

Mountain China Resorts Announces Appointment of New Audit Committee Member

BEIJING, CHINA--(Marketwired - May 29, 2013) - Mountain China Resorts (Holding) Limited (TSX VENTURE:MCG) ("MCR" or the "Company"), announced today that it has appointed Shi Chen to the audit committee in place of Ermanno Pascutto. The audit committee now consists of Wing Keun Philip Li, Lian Wang and Shi Chen.

The Company would like to thank Mr. Pascutto sincerely for his contributions to the Company during his tenure as a director and a member of the audit committee of the Company.

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.

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

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