Chongqing Machinery & Electric Company Ltd.'s board of directors meeting held on June 28, 2016, the board approved the appointment of Ms. Chen Ping, an executive Director of the Company, the general manager of the fourth session of the company; appoint Mr. Sun Wenguang as the vice general manager of the fourth session of the company; appoint Mr. Sun Wenguang as the vice general manager of the fourth session of the company; appoint Mr. Zhang Shu as the vice general manager of the fourth session of the company; and appoint Mr. Deng Rui as the secretary to the Board of the fourth session of the company. Their term of office will take effect from 28 June 2016 until the expiry of the term of office of the fourth session of the Board/the fourth session of the senior management.