The board of directors of Tianjin Tianbao Energy Co., Ltd. announced that due to his health conditions, Mr. Han Xiaoping has tendered his resignation as an independent non-executive Director of the Company, chairman of the remuneration committee and member of the nomination committee with effect upon the approval of the shareholders of the Company of the appointment of a new independent non-executive Director. Mr. Han would continue to perform his duties as an independent non-executive Director, chairman of the remuneration committee and member of the nomination committee before his resignation takes effect.