Changfeng Axle (China) Company Limited announced that at its extraordinary general meeting held on March 10, 2015, the shareholder approved the appointment of Mr. Cheng Jerome as an executive Director with effect from the Subscription Completion, Mr. Yuan Weitao as an executive Director with effect from the Subscription Completion, Mrs. Guo Yan as a non- executive Director with effect from the Subscription Completion, and Mr. Feng Xiaohui as a non-executive Director with effect from the Subscription Completion.