The board of directors of Guodian Technolo & Environment Group Corporation Limited announced that due to reallocation of work, Mr. Yang Guang has resigned as the chairman of the board and an executive director and is no longer the chairman of the strategic committee and the authorized representative of the company by virtue of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, with effect from May 3, 2017. After resigning from the positions including the chairman and an executive director, Mr. Yang will be re-designated to a non-executive director until the re-election and appointment of the third session of the board. Mr. Yang Guang has been re-designated as a non-executive director.

Mr. Yang joined the Group in January 2005. Mr. Yang previously served successively as chief designing engineer, deputy director and director of the engineering division of South West Electric Power Design Institute; deputy chief engineer of South West Electric Power Design Institute and director of the projects division of South West Electric Power Design Institute; deputy director and director of the economic and trade division of international department of the State Power Corporation; deputy head of the engineering and construction department, head of the international cooperation department, head of the international cooperation and overseas business department, head of the science, technology and comprehensive business department of China Guodian Corporation and the secretary of the Party Committee of the company, an executive director and the chairman. The board further announced that Mr. Chen Dongqing, an executive director, has been elected as the new chairman by the board with effect from May 3, 2017and ending on the re-election and appointment of the third session of the board.

Mr. Chen was also appointed as the chairman of the strategic committee and the Authorized Representative. Mr. Chen Dongqing is elected to serve as the chairman and the chairman of the strategic committee. Mr. Chen joined the Group in February 2016.

Mr. Chen served as deputy director of the Quality and Technology Office of the Thermal Power Construction Department and the New Energy Development Office of the Power Construction Department of the State Power Corporation; director of the General Office of the Engineering & Construction Department and deputy head of the Engineering & Construction Department of Guodian Group; vice general manager of the Southern Branch of Guodian; vice general manager of Guodian Guangdong Power Co. Ltd.; the secretary of the leading Party members' group and vice general manager of Guodian Fujian Power Co. Ltd.; deputy secretary of the Party Committee of the company, an executive Director and the president of the company.

The board announces that, due to reallocation of work, Mr. Chen, an executive director, has resigned as the president of the company with effect from May 3, 2017. Mr. Zhang Jun has been appointed as the president of the company with effect from May 3, 2017 with the term of office of three years. Mr. Zhang Jun has been nominated as an executive Director.

The term of Mr. Zhang will commence on the date of approval by the shareholders of his appointment and will end on the re-election and appointment of the third session of the board. Subject to the approval of change of the board at the extraordinary general meeting of the company, Mr. Zhang will also be nominated as a member of the Strategic Committee. Mr. Zhang Jun is proposed to be an executive director and a member of the Strategic Committee of the board.