The board of directors of China Energine International (Holdings) Limited announced that Mr. Han Shuwang ("Mr. Han") will resign as the Chairman, the Non-executive Director, the chairman of the Nomination Committee and the chairman of the Development and Investment Committee of the company with effect from 29 March 2018 due to rearrangement of his duties by China Aerospace Science and Technology Corporation, the ultimate controlling shareholder of the Company. The board announced that, Mr. Liu Xiaowei ("Mr. Liu"), a Non-executive Director, will be re-designated as an Executive Director (the "Re-designation"), appointed as Chairman, the chairman of the Nomination Committee and the chairman of the Development and Investment Committee of the Company and will cease to be a member of the Audit Committee, with effect from 29 March 2018.