The board of directors of Shunfeng Photovoltaic International Limited announced that Mr. Wang Xiangfu has resigned as an executive Director and the chief executive officer of the Company due to the need of spending more time on his personal matters with effect from August 01, 2014. Mr. Zhang Yi, an executive Director and chairman of the Board, will also act as the chief executive officer of the Company with effect from August 01, 2014 following the resignation of Mr. Wang. Mr. Zhang, is an executive Director of the Company, the chairman of the Board, a member of the remuneration committee of the Company and a member and the chairman of the nomination committee of the Company.

Mr. Zhang has over 31 years of working experience.