The board of directors of Tonking New Energy Group Holdings Limited announced that on 13 March 2017, Mr. Pao Ping Wing (‘Mr. Pao’) has resigned as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee of the Company so as to devote more time to pursue his other personal commitments, and Ms. Li Yuen Shan (‘Ms. Li’) has resigned as a member of the Compliance Committee so as to devote more time to the position of the financial controller of the Company's subsidiaries. The above resignations shall take effect from 13 March 2017. The board announced that Mr. Zhou Yuan (‘Mr. Zhou’) has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Audit Committee, the Nomination Committee and the Compliance Committee of the Company with effect from 13 March 2017. Mr. Zhou is currently served as the legal representative and the chairman of Shanghai Jing Yao Investment Co. Ltd. and the secretary general of the Photovoltaic Green Ecological Collaborative Organization with extensive experience in corporate, government and chamber of commerce management.