Jingwei Textile Machinery Company Limited announced that at the EGM held on March 04, 2014, the resolutions were passed by the Shareholders. The board announced that Mr. Li Xiaohong has resigned as an executive director and vice-chairman and Mr. Xu Wenying has resigned as an independent non-executive director of the seventh session of the Board, he ceased to be the chairman of the personnel nomination and remuneration committee, chairman of the audit committee and member of the strategy committee with effect from March 4, 2014. Mr. Tu Kelin has resigned as a supervisor and chairman of the seventh supervisory committee of the Company from the conclusion of the EGM.

In their replacements, Mr. Wang Jiangan was appointed as an executive director and vice- chairman and Ms. Chen Jinrong was appointed as an independent non-executive director of the seventh session of the Board and the chairman of the audit committee. Mr. Li Min, an existing member of the personnel nomination and remuneration committee, was appointed as the chairman of the personnel nomination and remuneration committee, all with effect from March 4, 2014, Mr. Qiao Yu was appointed as a supervisor and chairman of the seventh supervisory committee of the company, all with effect for a period from the conclusion of the EGM to August 15, 2016.