On September 10, 2014, Mr. Wenquan Tao informed the Board of Directors of THT Heat Transfer Technology, Inc. that Mr. Tao would not stand for re-election as a director on the company's Board at the Company's 2014 Annual Meeting of Stockholders, which is currently scheduled to be held on November 19, 2014. Accordingly, Mr. Tao's term as a director will expire at the Annual Meeting. Mr. Tao will continue to serve as a member of the Board until the Annual Meeting.