CNQC International Holdings Limited announced that with effect from January 26, 2016, Dr. Du Bo has resigned as an executive Director, the Chairman and the chairman and a member of the Nomination Committee and been appointed as the honorary chairman of the Company; Mr. Cheng Wing On, Michael has ceased to be the Chief Executive Officer and a member of the Remuneration Committee and been re-designated as the Chairman and the chairman and a member of the Nomination Committee; Mr. Wang Congyuan has been appointed as an executive Director, the Chief Executive Officer and a member of the Remuneration Committee; and Mr. Wang Linxuan has been appointed as an executive Director, Dr. Sun Huiye has been appointed as a non-executive Director and Mr. Chan Kok Chung, Johnny has been appointed as an independent non-executive Director. Mr. Wang CY has over 20 years of experience in the engineering and construction industry. From September 2007 to October 2015, Mr. Wang CY took the positions of secretary to the board of directors, assistant to the president, the vice president and the joint chairman of (Qingjian Group Co.

Ltd.) and from December 2012 to October 2015, he was the vice president and the executive vice president of (Guotsing Holding Group Co. Ltd.). Mr. Wang LX has more than 20 years of experience in engineering and construction industry.

During the period from June 1998 to May 2015, Mr. Wang LX was the project manager and deputy general manager of (Qingdao Bohai Construction Group Co. Ltd.). From April 2008 to August 2011, Mr. Wang LX took the positions of director and general manager of (Gaomi Bohai Properties Co.

Ltd.). Dr. Sun has over 30 years of experience in the area of administration and tax management. Dr. Sun served at (Local Taxation Bureau of Qingdao City) from November 2002 to October 2015 and his last position was the deputy director.

Mr. Chan has over 31 years of experience in investment banking and investment management industry. He is a co-founder of Crosby Capital Limited, and was the chairman and chief executive officer of Crosby Asset Management (Hong Kong) Limited from 2004 to 2015. Mr. Chan is the president of the Hong Kong Venture Capital and Private Equity Association Limited.

He is also the founder of the Asian Venture Capital and Private Equity Council Limited.