Jingwei Textile Machinery Company Limited announced that Mr. Xu Wenying, the director of the company, has tendered his resignation from the position of director. The company proposes to appoint Ms. Chen Jinrong as a candidate of director of the 7th session of the board of directors, with a term commencing from the approval by the extraordinary general meeting to the expiry of the term of the 7th session of the board of directors, that is August 15, 2016. To comply with the PRC regulatory requirements, Mr. Tu Kelin, the supervisor of the company, has tendered his resignation from the position of supervisor.

China Textile Machinery (Group) Company Limited, the controlling shareholder of the company, proposes to appoint Mr. Qiao Yu as a candidate of supervisor of the 7th session of the supervisory committee, with a term commencing from the approval by the extraordinary general meeting to the expiry of the term of the 7th session of the supervisory committee that is August 15, 2016. Ms. Chen is currently an associate professor at Tsinghua University School of Economics and Management and independent director of Synutra International Inc., Zhaojin Mining Industry Company Limited and Meihua Holdings Group Co. Ltd. Mr. Qiao is currently the Chairman and party branch secretary of China Garments Co.

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