The Board of Chongqing Machinery & Electric Co., Ltd. announced that Ms. He Xiaoyan (Ms. He) will resign as a non-executive Director of the company due to change of work allocation. Ms. He's resignation will become effective after the appointment of Mr. Wang Pengcheng (Mr. Wang) as the new non-executive Director. The company proposed to appoint Mr. Wang as the non-executive Director to fill in the vacancy upon Ms. He's resignation. The appointment of Mr. Wang is subject to the approval by the Shareholders at the Annual General Meeting. Mr. Wang held the following positions at the Chongqing office of China Huarong Asset Management Co., Ltd.: the deputy general manager since August 2012; assistant general manager from November 2010 to July 2012; senior manager of the Innovation Business Department and the Risk Compliance Department from January 2010 to November 2010; senior manager of the Operational Management Department from February 2008 to January 2010.

The Board has recommended the payment of a final dividend of RMB 0.030 per share (tax inclusive) for the year ended December 31, 2017, which is calculated based on the total share capital of 3,684,640,154 shares for the year ended December 31, 2017, totaling RMB 110,539,204.62. Subject to approval by Shareholders at the Annual General Meeting to be convened on June 28, 2018, the proposed final dividend will be paid on or about July 31, 2018 to Shareholders whose names appear on the register of members of the company on July 10, 2018.