Harbin Electric Company Limited announces that, Mr. Liu Zhi-quan, the senior vice-president of the Company, has tendered his resignation to the Company to resign from the position of the senior vice-president of the Company due to work adjustment. Such resignation will become effective from the date of this announcement. Mr. Liu has confirmed that he has no disagreement with the Board and the supervisory committee of the Company, and there is no other matter in relation to his resignation which needs to be brought to the attention of the shareholders of the Company.