China Singyes Solar Technologs Hldgs : Announcements and Notices - Change of Independent Non-executive Director

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China Singyes Solar Technologies Holdings Limited 中國興業太陽能技術控股有限公司

(incorporated in Bermuda with limited liability)

(Stock Code: 750)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that:

1.

Dr. Zhong Jishou has resigned as an independent non-executive Director due to his own business and other commitments with effect from 18 April 2018; and

2. Dr. Tan Hongwei has been appointed as an independent non-executive Director with effect from 18 April 2018.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of China Singyes Solar Technologies Holdings Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that Dr. Zhong Jishou ("Dr. Zhong") has tendered his resignation as the independent non-executive Director due to his own business and other commitments with effect from 18 April 2018. Accordingly, Dr. Zhong had also ceased to be the chairman of remuneration committee of the Company (the "Remuneration Committee") and a member of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee") with effect from 18 April 2018.

Dr. Zhong has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to thank Dr. Zhong for his valuable contributions to the Group during his term of office.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that Dr. Tan Hongwei ("Dr. Tan") has been appointed as an independent non-executive Director with effect from 18 April 2018. Dr. Tan was also appointed as a member of the Audit Committee and the Nomination Committee and the chairman of the Remuneration Committee with effect from 18 April 2018.

The biographical details of Dr. Tan are set out below:

Dr. Tan, aged 58, is a professor and a doctoral supervisor at the School of Mechanical and Energy Engineering of Tongji University, a doctoral supervisor at the School of Architecture and Urban Planning of Tongji University and the interdisciplinary double-engaged responsible professor at the United Nations Environment Programme-School of Environmental Sustainability of Tongji University. He is also the key researcher of Climate Change Key Laboratory, the core member of the first class academic peak team (building technology) of Tongji University, the deputy director of the Tongji University Green Building and New Energy Research Center, and the director of the Tongji International Green Industry Innovation Center. Dr. Tan graduated from the Department of Architecture of Tokyo University with a doctoral degree in 1995. Dr. Tan has over 18 years of experience in the teaching and research in respect of energy-saving building technologies, application technology of renewable energy in buildings, building energy efficiency supervision platform technology, urban low-carbon energy planning technology, urban construction environment technology and other fields.

Dr. Tan has entered into an appointment agreement with the Company for a term of three years, which may be terminated by either party giving one month's written notice to the other party. He is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the bye-laws of the Company and as required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"). Pursuant to the terms of the appointment agreement, Dr. Tan is entitled to a director's fee of RMB120,000 per annum. The remuneration of Dr. Tan is determined by the Board and the Remuneration Committee with reference to his duties and responsibilities with the Company and the prevailing market conditions.

Dr. Tan has also confirmed that he meets the independence criteria as set out in Rule 3.13 of the Listing Rules.

As at the date of this announcement and save as disclosed in this announcement, Dr. Tan confirms that: (i) he does not hold any other positions with the Company or its subsidiaries; (ii) he has not held any directorship in the three years immediately preceding the date of this announcement in public companies the securities of which are listed on any securities market in Hong Kong or overseas; (iii) he does not have any other interests in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571); and (iv) he does not have any relationship with any Director, senior management, substantial or controlling shareholders of the Company.

Other than the above, the Board is not aware of any matters in relation to the appointment of Dr. Tan that needs to be brought to the attention of the shareholders of the Company or any information that should be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules.

Dr. Tan has confirmed that there is no matter that needs to be brought to the attention of the shareholders of the Company in respect of his appointment as an independent non-executive Director.

The Board would like to extend its welcome to Dr. Tan on his new appointment.

By order of the Board of

China Singyes Solar Technologies Holdings Limited

Liu Hongwei

Chairman

Hong Kong, 18 April 2018

As at the date of this announcement, the executive Directors are Mr. Liu Hongwei (Chairman), Mr. Xie Wen and Mr. Xiong Shi, the non-executive Directors are Dr. Li Hong and Mr. Cao Zhirong, and the independent non-executive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.