The board of directors of China Everbright International Limited announced that, with effect from January 1, 2018, Mr. Chen Xiaoping will resign as the Executive Director, the Chief Executive Officer, the member of the Nomination Committee, the Chairman of the Disclosure Committee, and the Authorized Representative of the company; Mr. Cai Shuguang will resign as the Executive Director, the Deputy General Manager, and the member of the Risk Management Committee of the company; Mr. Wang Tianyi, currently the General Manager of the company will be re-designated as the Chief Executive Officer of the company, and will be appointed as the member of the Nomination Committee and the Chairman of the Disclosure Committee of the company; Mr. Hu Yanguo will be appointed as the Executive Director, the member of the Risk Management Committee, the member of the Disclosure Committee and the Authorized Representative of the company; and Mr. Qian Xiaodong will be appointed as the Executive Director and the member of the Disclosure Committee of the Company. Mr. Hu Yanguo is currently the executive director and the chief executive officer of Everbright Greentech. He is also a director of several subsidiaries of the Group.

Mr. Qian has been the Deputy General Manager of the company, the general manager of the investment development department of the company and the general manager of Everbright Environmental Protection Venture Capital (Shenzhen) Ltd.