On the June 29, 2015, the board of supervisors of Fuyao Glass Industry Group Co., Ltd. received a resignation notification from Mr. Lin Houtan, the chairman of the board of supervisors of the Company, to resign from his positions as the employee representative supervisor and the chairman of the board of supervisors of the Company in consideration of his age. As Mr. Lin's resignation will cause the number of members of the board of supervisors of the Company to fall below the requisite quorum according to the relevant requirements under the Company Law of the People's Republic of China and the articles of association of the Company, Mr. Lin Houtan shall continue to serve as a supervisor and the chairman of the board of supervisors until a new employee representative supervisor is elected in a by-election at an employee representatives' meeting. The Company and the board of supervisors have accepted the resignation of Mr. Lin Houtan.