The board of directors of China Aerospace International Holdings Limited announced that, due to internal shift in duties of China Aerospace Science & Technology Corporation (‘CASC’), the controlling shareholder of the company, the followings take place with effect from August 24, 2016: Mr. Chen Xuechuan will resign as a Non-Executive Director and a member of the Remuneration Committee and the Nomination Committee; Mr. Shi Weiguo will resign as a Non-Executive Director and a member of the Audit Committee; Mr. Mao Yijin is appointed as a Non-Executive Director and a member of the Audit Committee; and Mr. Xu Liangwei is appointed as a Non-Executive Director and a member of the Remuneration Committee and the Nomination Committee. Mr. Mao Yijin, aged 53, graduated from the Faculty of Industrial Economics, Hubei Institute of Finance and Economics in 1985. Since June 2016, he has served as a Consultant of Shanghai Academy of Spaceflight Technology. Mr. Mao has ample experience in administration management and financial management. Mr. Xu Liangwei, aged 61, graduated from the Faculty of Chinese, Shanghai Television University, and obtained a Master degree in Business Administration from Fudan University. He served as Deputy Director of the preparation group of China Academy of Launch Vehicle Technology Company Limited and as a Consultant of Shanghai Academy of Spaceflight Technology from 2011 to 2015. Mr. Xu has ample experience in administration management.