The board of directors of Capital Environment Holdings Limited announced that because both Mr. Yu Changjian and Mr. Liu Xiaoguang have reached the retirement age, Mr. Yu Changjian has resigned as an executive Director, Chairman, authorized representative, member and chairman of nomination committee and member of remuneration committee of the company; and Mr. Liu Xiaoguang has resigned as an executive director of the company, all with effect from September 29, 2015. Each of the resigning directors has confirmed that he has no disagreement with the board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders. The board announced that Mr. Wang Hao has been appointed as an executive Director, Chairman, authorized representative, member and chairman of nomination committee and member of remuneration committee of the company; and Mr. Liu Yongzheng has been appointed as an executive Director of the company, all with effect from September 29, 2015.

Mr. Wang is the chairman of Beijing Capital Group Ltd., the chairman of Beijing Capital Co. Ltd. and the president of Business Management Research Institute of Beijing Capital. Mr. Liu is the general manager of Beijing Capital Co.

Ltd. and vice general manager of Beijing Capital Group Co. Ltd.