The board of directors of Chaowei Power Holdings Limited announced that Ms. Deng Xihong has tendered her resignation as a non-executive director of the Company in order to focus on her other business commitments. The resignation of Ms. Deng will take effect upon the conclusion of the annual general meeting of the Company to be held on 6 June 2013. Ms. Deng has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company.