The board of directors of Long Ji Tai He Holding Limited announced that Ms. Zhao Hua has tendered her resignation as an executive director of the company and a member of the remuneration committee of the company with effect from November 11, 2015 in order to devote more time to her other business commitments. The board further announced that Mr. Wei Qiang has been appointed as an executive director and a member of the remuneration committee to fill the vacancy arising from the resignation of Ms. Zhao Hua. Mr. Wei Shaojun will cease to act as the chief executive officer of the company, but will remain as the chairman and an executive director, and Mr. Wei Qiang will take up the role as the CEO.

Such arrangement separates the roles of the Chairman and CEO, which enables the company to re-comply with the requirements of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and effectively raise the level of corporate governance. The company has also further appointed Dr. Liu Zhengang as the operations vice president, and Mr. Wang Yong as the development vice president, of the new clean energy division of the Company with effect from November 11, 2015, so as to provide the Group with the leadership, direction and experiences to the proposed development of the new clean energy business. Mr. Wei Qiang has around 7 years of work and management experiences in the clean energy industry.

Mr. Wei founded Light Way Green Energy Co. Ltd. in 2008 and is generally responsible for the operation and management of Lightway Company. Dr. Liu Zhengang, has over 12 years of experience in optoelectronic technology and quality management and the design, construction, operation and maintenance management of photovoltaic power plants.

Dr. Liu joined Lightway Company in June 2012 and was appointed vice president of operations. During his term of employment, Dr. Liu ensured that Lightway Company was a domestic leader in both photovoltaic cell efficiency and conversion efficiency in photovoltaic power plant systems. Mr. Wang Yong, has over 8 years of experience in the sale of components for the photovoltaic industry and in the development of power plant stations. Mr. Wang joined Lightway Company in January 2013 as the general manager for China, mainly responsible for the sale of photovoltaic components, investment and development of photovoltaic power stations.