Sun King Power Electronics : Announcements and Notices - Change of Independent Non-executive Director and Change of Composition of Audit Committee, Remuneration Committee, Nomination Committee and Investment Committee

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(Stock code: 580) CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE OF COMPOSITION OF AUDIT COMMITTEE, REMUNERATION COMMITTEE, NOMINATION COMMITTEE AND INVESTMENT COMMITTEE RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF THE AUDIT COMMITTEE, MEMBER OF THE REMUNERATION COMMITTEE, CHAIRMAN OF THE NOMINATION COMMITTEE AND CHAIRMAN OF THE INVESTMENT COMMITTEE

The board (the "Board") of directors (the "Directors") of Sun.King Power Electronics Group Limited (the "Company", together with its subsidiaries, the "Group") announces that due to his decision to devote more time to personal development, Mr. Li Fengling ("Mr. Li") tendered his resignation as an independent non-executive Director, a member of the audit committee of the Board, a member of the remuneration committee of the Board, the chairman of the nomination committee of the Board and the chairman of the investment committee of the Board, all with effect from 19 December 2016.

Mr. Li has confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders of the Company (the "Shareholders"). Mr. Li has confirmed that he has no claim against the Group for compensation for loss of office or for fees or otherwise howsoever. Save as disclosed above, the Board is not aware of any other matter in relation to the resignation of Mr. Li that needs to be brought to the attention of the Stock Exchange and the Shareholders.

The Board would like to express its sincere gratitude to Mr. Li for his contributions towards the Company during his tenure of office.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF THE AUDIT COMMITTEE, MEMBER OF THE REMUNERATION COMMITTEE, CHAIRMAN OF THE NOMINATION COMMITTEE AND CHAIRMAN OF THE INVESTMENT COMMITTEE

The Board announces that Mr. Zhang Xuejun ("Mr. Zhang") was appointed as an independent non- executive Director, a member of the audit committee of the Board, a member of the remuneration committee of the Board, the chairman of the nomination committee of the Board and the chairman of the investment committee of the Board, all with effect from 19 December 2016.

Mr. Zhang, aged 51, graduated from Capital Normal University (formerly known as Beijing Normal College) and obtained a bachelor's degree in philosophy. Mr. Zhang also completed an on-job postgraduate course at Chinese Academy of Social Sciences. Subsequently, Mr. Zhang obtained a master's degree in EMBA from Cheung Kong Graduate School of Business in 2006.

Mr. Zhang taught at School of English and School of Political Science and Law in Beijing Normal College. Subsequently, Mr. Zhang successively assumed the deputy office head of Municipal Party Committee of Youth League in Beijing ( 北京團市委 ), secretary of the Committee of Youth League in Chaoyang District in Beijing ( 北京市朝陽區團委 ), director and secretary of Party Work Committee ( 黨 工委書記 ) of Heping Subdistrict Office in Chaoyang District in Beijing ( 北京市朝陽區和平街街道辦事 處 ). Since 2000, Mr. Zhang has served in Central Committee of Chinese Communist Youth League ( 共 青團中央 ). Mr. Zhang successively assumed the deputy director of Chinese Young Pioneers Business Development Centre ( 團中央中國少先隊事業發展中心副主任 ), deputy director of the Central Juvenile Department ( 團中央少年部 ) and Central Propaganda Department ( 團中央宣傳部 ), director of Central Juvenile Department ( 團中央少年部 ) of the Chinese Communist Youth League, deputy director of National Committee of Chinese Young Pioneers ( 全國少工委副主任 ) and the member of 16th Central Standing Committee of the Chinese Communist Youth League ( 十六屆團中央常委 ).

Mr. Zhang served as a deputy secretary (department level) at Municipal Party Committee of Jiujiang in Jiangxi Province ( 江西省九江市委副書記 ( 正廳級 )) from 2008 to 2011 and a Party secretary and director at Foreign Affairs Office in Jiangxi Province ( 江西省外事僑務辦公室 ) from 2011 to 2014. Mr. Zhang has served as a Party member and the Secretary-General of Chinese Western Returned Scholars Association ( 歐美同學會 ) since February 2014.

Mr. Zhang has been a co-chief executive officer of Hsin Chong Group Holdings Limited (a company the shares of which are listed on the Stock Exchange with stock code 404) from September 2016, primarily responsible for the management of business in the mainland China. Mr. Zhang has not held any directorships in any public company the securities of which are listed on any securities market in Hong Kong or overseas in the last three years preceding the date of his appointment. To the best knowledge of the Directors, Mr. Zhang has no relationship with any Directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Zhang does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Zhang executed an appointment letter dated 19 December 2016 for a term of three years commencing from the date of appointment and may be terminated in accordance with the terms of the appointment letter. Mr. Zhang will be entitled to an annual allowance of HK$180,000, which was recommended by the remuneration committee of the Board with reference to his experience, duties and responsibilities and the prevailing market conditions and determined by the Board.

Mr. Zhang will hold office until the coming general meeting of the Company at which he will be eligible for re-election. Thereafter, Mr. Zhang will be subject to retirement by rotation and re-election pursuant to the articles of association of the Company and the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). Save as disclosed above, there are no other matters concerning Mr. Zhang's appointment that need to be brought to the attention of the Shareholders nor there is any information required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules.

The Company would like to express its warmest welcome to Mr. Zhang for joining the Board.

By Order of the Board

Sun.King Power Electronics Group Limited Xiang Jie

Chairman

Hong Kong, 19 December 2016

As at the date of this announcement, the executive Directors are Mr. Xiang Jie, Mr. Gong Renyuan and Mr. Yue Zhoumin; and the independent non-executive Directors are Mr. Wang Yi, Mr. Chen Shimin and Mr. Zhang Xuejun.