The board of directors of China Ruifeng Galaxy Renewable Energy Holdings Limited announced a change of chairman of the remuneration committee of the company and the establishment of the nomination committee of the company, effective March 29, 2012. Ms. Hu Xiaolin, an independent non-executive director, has been appointed as the chairman of remuneration committee of the company in place of Mr. Zhang Zhixiang with effect from March 29, 2012. Mr. Zhang Zhixiang shall remain as a member of the remuneration committee. The nomination committee comprises Mr. Li Baosheng, the chairman of the Board, Mr. Zhang Zhixiang, the executive director, Ms. Wong Wai Ling, Mr. Qu Weidong and Ms. Hu Xiaolin, all independent non-executive directors. Mr. Li Baosheng has been appointed as the chairman of the nomination committee.