Effective May 22, 2012, Mr. Wilson Liu resigned from his position as Chief Financial Officer of Apollo Solar Energy, Inc. Mr. Liu's resignation was not related to any disagreement or dispute with the company. The board of directors has appointed Ms. Hua Hui to serve as Interim Chief Financial Officer of the company for an indefinite term, effective May 22, 2012. Ms. Hua Hui, has served as the Chief Financial Officer of the company's Sichuan Apollo Solar Science & Technology Co. Ltd., since 2011. From 2004 through 2011, Ms. Hua served as Chief Financial Officer for Sichuan Jinke Public Equipment Manufacturing company. In addition, Ms. Hua is not a party to any transaction with the company or its subsidiaries.