The board of directors of IRICO Group New Energy Company Limited announced that, at the Board meeting held on 22 August 2018, the Board resolved to submit the resolutions in relation to the proposed election of directors of the fourth session of the Board for consideration and approval by the shareholders of the company by way of ordinary resolutions at the extraordinary general meeting of the company to be held on 26 October 2018. The Board further announced that, at the meeting of the supervisory committee of the company held on 22 August 2018, the Supervisory Committee resolved to submit the resolutions in relation to the proposed election of supervisors of the fourth session of the Supervisory Committee for consideration and approval by the Shareholders by way of ordinary resolutions at the EGM. As at the date of this announcement, the third session of the Board comprises 7 Directors, namely Mr. Si Yuncong, Mr. Zou Changfu, Mr. Huang Mingyan, Mr. Chen Changqing, Mr. Feng Bing, Mr. Wang Jialu and Mr. Wang Zhicheng, of whom Mr. Si Yuncong and Mr. Zou Changfu are executive Directors, Mr. Huang Mingyan and Mr. Chen Changqing are non-executive Directors, and Mr. Feng Bing, Mr. Wang Jialu and Mr. Wang Zhicheng are independent non-executive Directors. Mr. Huang Mingyan and Mr. Chen Changqing, the non-executive Directors of the third session of the Board, will retire as Directors with effect from the conclusion of the EGM. Each of them has confirmed to the company that he has no disagreement with the Board and that he is not aware of any matter relating to the company that needs to be brought to the attention of the Shareholders. As nominated by IRICO Group Company Limited, the controlling shareholder of the company, the Board proposed to appoint Mr. Si Yuncong and Mr. Zou Changfu as the executive Directors, Mr. Fan Laiying and Mr. Chen Xiaoning as non-executive Directors, as well as Mr. Feng Bing, Mr. Wang Jialu and Mr. Wang Zhicheng as independent non-executive Directors of the fourth session of the Board. All of them have accepted the nomination. Resolutions will be proposed at the EGM by the Company for election of Directors of the fourth session of the Board. Upon approval of the appointment of Directors by the Shareholders at the EGM, the term of office of the Directors of the fourth session of the Board will be three years commencing from the effective date of their appointments at the EGM. Mr. Si Yuncong, aged 54, is the chairman and an executive Director of the company. Mr. Zou Changfu aged 59, is an executive Director and the general manager of the company. Mr. Fan currently serves as the chief accountant of IRICO Group. Mr. Chen Xiaoning, aged 43, is an executive deputy general manager of the company. Mr. Chen is a senior engineer and a member of the Chinese Communist Party. Mr. Feng Bing, aged 51, is an independent non-executive Director of the Company, currently the chairman of Shanghai Dare Technologies Co. Ltd., the chief strategy officer of Dare Group and the chief executive officer of HomeLegend, whose headquarter is located in Georgia, USA. Mr. Feng has served as an executive member for China Mergers & Acquisition Association and the deputy director for its Jiangsu branch since 2002. Mr. Wang Jialu, aged 57, is an independent non-executive Director of the company and a partner of Commerce & Finance Law Office. Mr. Wang Zhicheng, aged 44, is an independent non-executive Director of the company. Mr. Feng Bing and Mr. Wang Jialu have been serving as independent non-executive Directors of the company for more than 9 years. As at the date of this announcement, the third session of the Supervisory Committee comprises 5 Supervisors, namely Mr. Ding Wenhui, Mr. Zhao Lefei, Mr. Tang Haobo, Mr. Sun Haiying and Ms. Wu Xiaoguang, of whom Mr. Ding Wenhui is the shareholder representative Supervisor, Mr. Zhao Lefei and Mr. Tang Haobo are employee representative Supervisors, and Mr. Sun Haiying and Ms. Wu Xiaoguang are independent Supervisors. As nominated by IRICO Group, the controlling shareholder of the company, the Supervisory Committee proposed to appoint Mr. Ding Wenhui as the shareholder representative Supervisor, Mr. Sun Haiying and Ms. Wu Xiaoguang as the independent Supervisors of the fourth session of the Supervisory Committee. All of them have accepted the nomination. In addition, according to the letter issued by the labor union of the Company on 22 August 2018, Mr. Zhao Lefei and Mr. Tang Haobo were elected as the employee representative Supervisors of the fourth session of the Supervisory Committee at the meeting of employee representatives of the company. Mr. Ding Wenhui, aged 57, is the shareholder representative Supervisor and chairman of the Supervisory Committee of the company. Mr. Sun Haiying, aged 75, is an independent Supervisor of the Company. Ms. Wu Xiaoguang, aged 61, is an independent Supervisor of the company. Mr. Zhao Lefei, aged 49, is an employee representative Supervisor of the company. Mr. Tang Haobo, aged 58, is an employee representative Supervisor of the company.