The Board of Winsway Enterprises Holdings Limited announced the following changes of Directors and composition of the Board committees with effect from 18 July 2016. Mr. Lu Chuan has resigned as the non-executive Director; Mr. James Downing has resigned as an independent non-executive Director, a member of each of the Audit Committee and the Remuneration Committee and the chairman of the Nomination and Corporate Governance Committee of the Board; Mr. George Jay Hambro has resigned as an independent non-executive Director, a member of each of the Audit Committee and the Nomination and Corporate Governance Committee and the chairman of the Health and Safety and Environmental Committee of the Board; Mr. Wang Wengang has been appointed as an executive Director; Mr. Guo Lisheng has been appointed as the non-executive Director; Mr. Gao Zhikai has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Health and Safety and Environmental Committee and the chairman of the Nomination and Corporate Governance Committee of the Board; Ms. Cao Xinyi has been elected as the chairman of the Board and appointed as a member of each of the Remuneration Committee and the Nomination and Corporate Governance Committee of the Board; Mr. Wang Yaxu has been appointed as the chairman of the Health and Safety and Environmental Committee of the Board; Ms. Cao Xinyi has resigned as the chief executive officer of the company; Mr. Wang Wengang has been appointed as the chief executive officer of the company; Mr. Li Yongqiang has resigned as the chief financial officer of the company; and Mr. Wang Yaxu has been appointed as the chief financial officer of the company. The board of directors of Winsway Enterprises Holdings Limited announced that Mr. Lu Chuan has tendered his resignation as a non-executive Director with effect from 18 July 2016 to focus on his other business commitments.

The Board further announced that Mr. James Downing and Mr. George Jay Hambro have tendered their respective resignation as an independent non-executive Director with effect from 18 July 2016 in order to concentrate more on each of their other business commitments. The Board further announced that (i) Mr. Wang Wengang has been appointed as an executive director of the company; (ii) Mr. Guo Lisheng has been appointed as a non-executive director of the Company; and (iii) Mr. Gao Zhikai has been appointed as an independent non-executive director of the company, all with effect from 18 July 2016.