The board of directors of Sany Heavy Equipment International Holdings Company Limited announced that, considering the operation and business development needs of the Group, the chairman of the Board of the company, Mr. Wu Jialiang, recommended and the Board approved the appointment of Mr. Mei Yonghua as the chief executive officer, with effect from 18 March 2015. Mr. Wu believed that the appointment of Mr. Mei as the chief executive officer of the company would benefit the Board in promoting the development of the company, and to help the Group achieve its business objectives. Accordingly, Mr. Wu has resigned as the chief executive officer of the company, with effect from 18 March 2015.

Mr. Wu will remain as an executive Director, chairman of the Board and chairman of the strategic investment committee of the Company. Mr. Mei Yonghua has been the general manager of the Group since September 2014, principally in charge of sales, commercial and manufacturing operations, and has over ten years of experience in the machinery industry. Mr. Mei joined Sany Group Limited in 2001 and has since worked in various positions in Sany Group and its subsidiaries, including the senior vice general manager of Sany Heavy Industry Co.

Ltd.