The board of directors of Fuyao Glass Industry Group Co., Ltd. received resignation notification from Mr. Zuo Min, the president of the Company on March 16, 2017. Mr. Zuo Min tendered his resignation to the Board as the president of the Company due to family and health issues, which has been effective from March 16, 2017. Prior to the appointment of the new president by the Board, Mr. Cho Tak Wong, the chairman of the Company, will temporarily assume the role of the president of the Company. The resignation of Mr. Zuo Min as the president of the Company will not affect the normal operation of the relevant businesses of the Company. The Company will elect and appoint a new president as soon as possible in accordance with the regulatory procedures and will make a separate announcement in due course.