The board of directors of China Renewable Energy Investment Limited announced that Mr. TIAN Yuchuan has been appointed as an Independent Non-executive Director and member of audit, nomination and remuneration committees of the company with effect from 23 April 2013. TIAN has over 27 years of experience in multinational business, corporate management, international equity investment and corporate finance. TIAN is executive director and chief executive officer of CITIC Dameng Holdings Limited and a non executive director of CITIC Resources Holdings Limited.

He also held senior positions in several subsidiaries of CITIC Group between 1986 and 2004. TIAN was employed as the Senior Vice President, Development and served as a director of some subsidiaries of HKC (Holdings) Limited between April 2006 to March 2008. The Board also announced that Mr. ZHANG Songyi has given notice to resign as an Independent Non-executive Director of the company and ceased to be a member of audit, nomination and remuneration committees of the company with effect from 23 April 2013 as he would spend more time on his other business commitment.

Mr. ZHANG has confirmed that he has no disagreement with the Board and is not aware of any matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company.