The board of directors of IRICO Group New Energy Company Limited announced that due to other working commitments, Mr. Ding Wenhui applied to resign from the positions of (i) a shareholder supervisor of the Company; and (ii) the chairman of the supervisory committee of the Company. His resignation shall take effect upon the approval of the appointment of a new Shareholder Supervisor at the general meeting of the Company. Mr. Ding has confirmed that he has no disagreement with either the Board or the Supervisory Committee and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announces that IRICO Group Company Limited the controlling shareholder of the Company, has nominated Mr. Chen Xiaoning ("Mr. Chen") as a Shareholder Supervisor, to fill the vacancy arising from the resignation of Mr. Ding as a Shareholder Supervisor. Such proposed appointment is subject to shareholders' approval at the general meeting of the Company, and the term of the appointment shall commence from the date of passing such resolution at the general meeting of the Company to the expiry of the term of the fourth session of the Supervisory Committee. The biographical details of Mr. Chen are set out as follows: Mr. Chen Xiaoning aged 44, graduated from China Jiliang University with a bachelor degree in engineering majoring in thermal metrology test and obtained an MBA degree from Northwest University. He is a senior economist, a senior engineer and a member of the Chinese Communist Party. Mr. Chen has participated in work since July 1996 and successively served as the head of the administrative office of IRICO Group, the trainee deputy head, the deputy head, the deputy head (presided over the work) and the head of the office of Company, the deputy head, the secretary of discipline inspection commission and the head of administrative office of IRICO Photovoltaic Glass Factory the deputy head of the office of Board and office of general manager of the Company, the deputy general manager, the executive director, the general manager and the legal representative of IRICO (Hefei) Photovoltaic Co. Ltd. the executive director, the general manager and the legal representative of IRICO (Yan'an) New Energy Co. Ltd. the deputy chief engineer of IRICO Group, as well as the executive deputy general manager, the executive director, the general manager, the secretary of Chinese Communist Party Committee and legal representative of the Company. Mr. Chen currently serves as the deputy general manager and member of Chinese Communist Party Committee of IRICO Group.