The board of directors of China High Speed Transmissi Equipment Group Co., Ltd. announced that the Board appointed Mr. Gou Jianhui, Mr. Wang Zhengbing, Mr. Zhou Zhijin and Mr. Hu Jichun as executive Directors of the company with effect from 27 June 2015. Mr. Gou Jianhui was a teacher at the School of Mechatronics Engineering of Harbin Institute Technology, the person-in-charge of Germany FAG China Project, managing direct and chief technical officer of FAG Hong Kong Project as well as chief representative of its Beijing Representative Office, the managing director and president Industrial Division of Schaeffler Greater China. Mr. Wang Zhengbing has joined Nanjing High Speed Gear Factory since August 1993 and held various positions, including deputy director and director of the workshop since January 1999.

He has served as the vice general manager of Nanjing High Speed since July 2003. Mr. Zhou Zhijin was appointed as vice director of personnel department in January 1999. He was promoted as deputy director of human resource department in September 2001.

He served as the assistant to general manager of Nanjing High Speed and office head since July 2003. He has served as the vice general manager of Nanjing High Speed since July 2006. Mr. Hu Jichun served as the vice general manager of Nanjing E-crystal Energy Co., Ltd. in January 2012 and the vice general manager of Nanjing Jingjing Photoelectric Science & Technology Co.

Ltd. since August 2012. Mr. Hu Jichun is the son of Mr. Hu Yueming, the chairman, the chief executive officer and an executive Director of the Company.