Jingwei Textile Machinery Co. Ltd. announced that Ms. Peng Zeqing has tendered her resignation from the posts of supervisor and the vice chairman of the supervisory committee. The company proposes to appoint Ms. Ding Yufei as the supervisor of the 6th supervisory committee, with a term commencing from the approval by the general meeting to the expiry of the term of the 6th supervisory committee, that is on August 15, 2013.

Ms. Peng has confirmed that she has no disagreement with the supervisory committee of the company and there are no matters concerning her resignation that need to be brought to the attention of the shareholders. Ms. Ding Yufei joined the company in July 2011. From January 2001 to July 2011, Ms. Ding had been the Director of Party Committee Office, the Director of the Group Staff Department, the Deputy Director of the General Department, and the Deputy Director of the Disciplinary Committee of China Textile Resources Corp.

The resignation of Ms. Peng and the appointment of Ms. Ding are subject to the approval in the general meeting.