The board of directors of Northern New Energy Holdings Limited announced that Mr. Chan Tai Neng has resigned as an executive Director with effect from 4 December 2015 due to health reason. Mr. Chan also resigned from all of his directorship and positions in the subsidiaries of the company simultaneously on 4 December 2015. In order to continuously benefit from the extensive experience of Mr. Chan, he has been appointed as a consultant of the company.

Mr. Chan confirmed that he has no disagreement with the Board and that he is not aware of any matter in connection with his resignation that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited.