The board of directors of GCL New Energy Holdings Limited announced that Ms. Hu Xiaoyan has been re-designated from the chairman to vice-chairman of the Investment Committee; Ms. Sun Wei, Mr. Sha Hongqiu and Mr. Liu Fei have tendered their resignation as members of the Investment Committee; Mr. Zhu Yufeng has been appointed as the chairman of the Investment Committee; Mr. Sun Xingping has been appointed as the vice-chairman of the Investment Committee; Mr. Wang Dong, the chief operating officer of the company has been appointed as a member of the Investment Committee; and Mr. Zhang Ningyong, Mr. Cheng Dedong and Mr. An Lingyi, the vice presidents of the company have been appointed as members of the Investment Committee. The changes are effective from 22 June 2016.