Xiangtian (USA) Air Power Co., Ltd. announced that on April 15, 2016, Zhiqi Zhang notified the company's Board of Directors that he would resign as the company's
Chief Executive Officer and Acting Chief Financial Officer, effective April 30, 2016. The Board of Directors accepted his resignation and appointed him to serve as the company's General Counsel effective upon his resignation. On April 15, 2016, the company's Board of Directors approved the appointment of Zhou Deng Hua as the Chief Executive Officer and Acting Chief Financial Officer effective April 30, 2016. Mr. Zhou currently serves as Vice General Manager and as a Director. Mr. Zhou will continue as a director of the company.