The board of directors of China Renewable Energy Investment Limited announced that Dr. YUNG Pak Keung, Bruce has given notice to resign as an Executive Director and the Managing Director of the Company and other positions of the Group with effect from September 18, 2012 for pursuing his own career development. After the departure of Dr. YUNG Pak Keung, Bruce the duties of the managing director of the company will be undertaken by the executive directors of the company.