The Board of China Machinery Engineering Corporation announced that Mr. SUN Bai (Mr. SUN) has resigned as an executive Director, the chairman of the Board, a member and the chairman of each of the nomination committee and the strategy and development committee of the Board, with effect from January 12, 2018 for reason that he has reached the age of retirement. The fiftieth meeting of the second session of the Board was held on January 12, 2018, at which the Board resolved that following the resignation of Mr. SUN as the Chairman, Mr. ZHANG Chun (Mr. ZHANG), an executive Director, be appointed as the Chairman with effect from January 12, 2018 until the expiration of the term of second session of the Board in accordance with the Articles of Association. Following the appointment as the Chairman, Mr. ZHANG has ceased to serve as the President of the company with immediate effect on January 12, 2018. On the same day, Mr. ZHOU Yamin (Mr. ZHOU), the Chief Financial Officer, secretary to the Board and Company Secretary, has been appointed as the President, whose term of office will commence from January 12, 2018 until the expiry of the term of the third session of the Board. The Board announced that Mr. ZHANG, an executive Director and newly appointed Chairman, has been appointed as a member and the chairman of the Nomination Committee for a term commencing on January 12, 2018 until the expiration of the term of the second session of the Board; and Mr. ZHANG has also been appointed as the chairman of the Strategy and Development Committee for a term commencing on January 12, 2018 until the expiration of the term of the second session of the Board. The Board announced that at the employees' general meeting of the company held on January 8, 2018, Ms. LIU Ting was appointed as the staff representative supervisor of the company for the third session of the supervisory board of the company (the Supervisory Board) with effect from the conclusion of the Second EGM. Ms. LIU is the deputy general manager of the audit department of the company.