The board of directors of China Lesso Group Holdings Limited announced that (i) Dr. Tao Zhigang has been appointed as an independent non-executive director; (ii) Mr. Cheung Man Yu has been appointed as a member of the remuneration committee; and (iii) Dr. Bai Chongen has resigned as the independent non-executive director, member of the nomination and remuneration committees, all with effect from September 1, 2015. Dr. Tao is Professor of Economics and Strategy in the Faculty of Business and Economics and the director of the Institute for China and Global Development, the University of Hong Kong. Dr. Tao is currently an independent non-executive director of Huadian Fuxin Energy Corporation Limited.

Dr. Tao is senior fellow at Tsinghua University's National Centre of Economic Research, senior fellow at Tsinghua University's Center for China in the World Economy, and special-term professor at Fudan University School of Management. He is also co-director of the Asia Competitiveness Program of Hong Kong Institute of Economics and Business Strategy.