The board of directors of Weiqiao Textile Company Limited announced that Mr. Xu Wenying has submitted his resignation to the Board for resigning from the office as an independent non-executive director of the company, with effect from the conclusion of the extraordinary general meeting which will be held in due course for election of a new independent non-executive director of the company. After his resignation, he will also cease to serve as a member of the Nomination
Committee, the Audit Committee and the Remuneration Committee.