CITIC Envirotech Ltd. announced that Dr. Lin Yucheng has been re-designated as a Non-Executive Director of the Group with effect from 1 June 2018. Mr. Hao Weibao, currently Executive Chairman of CEL will succeed Dr. Lin Yucheng as the Company's new Group Chief Executive Officer ("CEO"). Dr. Lin is the founder of CEL and he has held the position of CEO since the Company's inception in 2003.

Dr. Lin has indicated his intention to step down as the CEO of the Group due to personal reasons. While he will not be overseeing the day-to-day operation of the Group, Dr. Lin will remain as non-executive Director and will be appointed Advisor to serve CEL with his unique insights and inspiration.