The board of CGN New Energy Holdings Co., Ltd. announced that with effect from 26 June 2018: Mr. Zhang Chengbai has resigned as a non-executive Director and a member of the Strategy Development Committee due to his other assignments in China General Nuclear Power Corporation; Mr. Wang Hongxin has resigned as a non-executive Director due to his other assignments in CGN; Mr. Dai Honggang has resigned as a non-executive Director, a member of the Remuneration Committee and the chairman of the Investment and Risk Management Committee as well as the Strategy Development Committee due to his other assignments in CGN; Mr. Fan Ren Da Anthony has resigned as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee due to the restructuring of the Board; Mr. Wang Susheng has resigned as an independent non-executive Director and a member of the Strategy Development Committee due to the restructuring of the Board; and Mr. Zhang Dongxiao has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Nomination Committee due to the restructuring of the Board. The Board also announced that with effect from 26 June 2018, Mr. Yang Xiaosheng has been appointed as an independent non-executive Director, a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Investment and Risk Management Committee; and Mr. Wang Minhao has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Nomination Committee. The Board also announces that with effect from 26 June 2018, Mr. Yao Wei, a non- executive Director, has been appointed as the chairman of the Investment and Risk Management Committee and Mr. Xing Ping, a non-executive Director, has been appointed as a member of the Remuneration Committee. The Board cancelled its Strategy Development Committee with effect from 26 June 2018 and its work and duties are immediately performed by the Board. Mr. Yang Xiaosheng, aged 66, was appointed as an independent non- executive Director, a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Investment and Risk Management Committee on 26 June 2018. Mr. Yang is currently the president of Chinese Wind Energy Equipment Association. He is also currently an independent non-executive director of three listed companies, namely Xinjiang Goldwind Science & Technology Co., Ltd., Shandong Laiwu Jinlei Wind Power Technology Co., Ltd. and Titan Wind Energy (Suzhou) Co,. Ltd. Mr. Wang Minhao, aged 59, was appointed as an independent non- executive Director, the chairman of the Remuneration Committee and a member of the Nomination Committee on 26 June 2018. Mr. Wang is currently the deputy general manager and a member of Party Standing Committee of Power Construction Corporation of China (acting as the vice president and legal representative of China Renewable Energy Engineering Institute from September 2011 to April 2014) and the chairman and the legal representative of the Powerchina Water Environment Governance Co., Ltd. from December 2015. He participated in the design of the Longyangxia and Daxia Hydropower Stations and served as the vice president of Northwest Engineering Corporation in 1993.