SHANDONG HI-SPEED NEW ENERGY GROUP LIMITED Jin Cai Holdings Company Limited announced that Mr. Hu Xiaoyong has been appointed as an executive Director and the Chairman with effect from 6 May 2015, Mr. Shi Xiao Bei has been appointed as an executive Director with effect from 6 May 2015, Mr. Liang Yong Feng has been appointed as an executive Director with effect from 6 May 2015, Mr. Han Songbai has been appointed as an executive Director with effect from 6 May 2015; and Mr. Xu Honghua has been appointed as an independent non-executive Director with effect from 6 May 2015. The company also announced that Mr. Zheng Hua has resigned from his position as an executive Director with effect from 6 May 2015, Mr. Huang Chao has resigned from his position as a non-executive Director with effect from 6 May 2015; and Mr. Zeng Shiquan has resigned from his position as an independent non-executive Director with effect from 6 May 2015. Since 2008, Mr. Hu has been an executive director and the chief executive officer of Beijing Enterprises Water Group Limited.
Since 2012, Mr. Shi has worked with CITIC Private Equity Funds Management Co. Ltd. as the chief investment officer and department head of the international investment department. Since May 1995, Mr. Liang has worked with Beijing Holdings Limited as a managing director of Beijing Holdings International Trading Limited.
From May 1995 to February 2015, Mr. Liang was also a general manager of BHL Taipei Limited. In 2014, Mr. Han joined (Beijing Bestech New Energy Technology Development Co. Ltd.).
