The Board of Chongqing Machinery & Electric Co., Ltd. announced that Mr. Wei Fusheng shall resign as a non-executive director of the company due to adjustment of work, which shall become effective since Mr. Dou Bo is appointed as the new non-executive director. In order to replace Mr. Wei after his resignation, the Company proposed to appoint Mr. Dou as a non-executive Director. The appointment of Mr. Dou is subject to the approval of the Shareholders at the EGM to be held on 27 November 2017. Mr. Dou, aged 48, is a senior accountant with more than 20 years of financial management experience. Mr. Dou has served as secretary of the board and securities general manager of Chongqing Construction Engineering Group Co., Ltd. from July 2017 to now. He has been the securities general manager of Chongqing Construction Engineering Group Co., Ltd. from February 2011 to July 2017, and has been the general manager of financial assets department of Chongqing Construction Engineering Group Co., Ltd. Dou will take effect from the date of the EGM, 27 November 2017 until the expiration of the tenure of the Board.