Concord New Energy Group Limited announced that Mr. Yu Weizhou, an Executive Director of the company, is appointed as the Chief Executive Officer and Mr. Yang Zhifeng, the existing CEO and an Executive Director of the Company, is re-designated as the Co-Vice Chairperson of the Group; and Ms. Liu Jianhong, an Executive Director, is also appointed as the Co-Vice Chairperson of the Board of the company. The board announced that Mr. Yang has resigned as the CEO with effect from January 13, 2016.