Due to change of work arrangement, Mr. Li Xiaohong, the Director of Jingwei Textile Machinery Company Limited, has tendered his resignation from the post of Director and Vice-chairman of the Company. The company proposed to appoint Mr. Wang Jiangan as a candidate of Director and Vice-chairman of the seventh session of the Board, with a term commencing from the approval by the general meeting to the expiry of the term of the seventh session of the Board, that is on August 15, 2016. Mr. Wang is now appointed as the assistant to the president of China Hengtian Group Limited.