The board of directors of Cosmos Machinery Enterprises Limited announced that Mr. Wu Ding has resigned as Vice Chairman and non-executive director of the company with effect from May 12, 2014, with the consideration of being unable to discharge his duty as a director for a period of time. Mr. Wu has confirmed to the board that he has no disagreement with the board and that there is no matter relating to his resignation that would need to be brought to the attention of the shareholders of the company.