The board of directors of Solargiga Energy Holdings Limited announced that Mr. Hsu You Yuan, due to health reasons, has stepped down from the position of chief executive officer of the company and resigned as one of the authorized representatives with effect from 1 October 2015. Mr. Hsu will stay on to serve the company as an executive Director and a member of the nomination committee of the Board. Mr. Hsu confirmed that he has no disagreement with the Board and that there is no other matter in connection with his stepping down from the position of the Chief Executive Officer and his resignation as the Authorised Representative that should be brought to the attention of the shareholders of the company or the Stock Exchange, and that he has no claim outstanding against the Company for compensation for loss of office or otherwise.

The Board announced that Mr. Tan Wenhua (Mr. Tan), an executive Director and the Chairman of the Board (the Chairman), has been appointed as the Chief Executive Officer with effect from 1 October 2015. Mr. Tan is an executive Director and the Chairman. He has been conferred various honours including the Model for the Labour of the Building Materials Systems of the Nation, the medal of May 1st Labour of Liaoning Province, the Builders Merit award of Liaoning Province, the Outstanding Member of the China Communist Party, the Outstanding Entrepreneur of the Building Materials Industry of the Nation, the Venture Entrepreneur of the Liaoning Province and First Prize Entrepreneur of Jinzhou.

The Board announced that Mr. Wang Chunwei (Mr. Wang), an executive Director and the Chief Financial Officer of the Company, has been appointed as one of the Authorised Representatives with effect from 1 October 2015.