The board of directors of Shunfeng International Clean Energy Limited announced that Mr. Zhang Yi has tendered resignation as an executive Director, the chairman of the Board, a member of the remuneration committee of the Board and the chairman of the nomination committee of the Board with effect from 9 September 2017 in order to focus on his other personal business. The Board announced that, Mr. Zhang Fubo will be appointed as an executive Director, the hairman, a member of the Remuneration Committee and the chairman of the Nomination Committee and the authorized Representative of the company with effect from 9 September 2017. Mr. Zhang Fubo is currently the chairman of Jiangsu Shunfeng Photovoltaic Technology Co.

Ltd. and Wuxi Suntech Power Co. Ltd. Before joining the Group in February 2017, Mr. Zhang Fubo was the deputy general manager of Shanghai Securities Company Limited from November 2006 to August 2012. Mr. Zhang Fubo was previously an independent non-executive director of Tibet Urban Development And Investment Co.

Ltd. The board announced that Mr. Wang Yu an existing executive Director of the company will be appointed as the Chief Executive Officer with effect from 9 September 2017. Mr. Wang, currently a director of Shunneng New Energy Technology Co., Ltd, a director of Lattice Power Corporation and an Executive Director of the company. Mr. Wang was a partner of Tianjin Jasmine Fund Management Co.

Ltd. Mr. Wang worked as the General Manager Assistant of Treasury Department of Hong Kong CADTIC (Group) Co. Ltd., the General Manager of investment and management department of Shenzhen Yangguang Fund Management Co. Ltd., the President of Shenzhen Fenghua Telecom Co.

Ltd., a Director of Shenzhen New Top Founder Fund Management Co. Ltd., a Vice General Manager of Hong Kong Huangshan Company Anhui Co. Ltd.