China Titans Energy Technology Group Co., Limited announced that at its AGM held on 22 May 2013, the following changes in the directorship and executive functions of the directors of the company with effect from the close of the AGM: Ms. Li Xiao Hui has retired from her position as an independent non-executive director of the company; and Mr. Zhang Bo has been appointed as the Chairman of the remuneration committee of the company. Accordingly, Ms. Li ceased to be the chairperson of the remuneration committee and the committee member of each of the audit committee and the nomination committee of the company, with effect from the close of the AGM. Ms. Li has confirmed that she has no disagreement with the board and that she is not aware of any matter in relation to her retirement that needs to be brought to the attention of the shareholders.

The Board further announces that Mr. Zhang Bo, an independent non-executive director of the company and an existing member of the remuneration committee of the Board, has been appointed as the chairman of the remuneration committee of the Board with effect from the close of the AGM.