Weiqiao Textile Company Limited announced that due to work allocation, each of Mr. Wang Zhaoting and Ms. Wang Xiaoyun has tendered their resignation letter to the Board to resign as a non-executive director of the company, respectively. Mr. Liu Mingping has also tendered his resignation letter to the supervisory committee of the company to resign as a supervisor of the company. Their resignations will become effective on the date of the convening of the annual general meeting of the Company to be held on 29 May 2012.