At the AGM held on September 4, 2015, shareholders of UGE International Ltd. voted in favor of increasing the number of directors from five to seven, adding notable new board members Peter Davidson, Nicholas Parker and Michael Doolan, subject to final acceptance by the TSX-V. Peter Davidson was appointed by President Obama in May 2013 to serve as the Executive Director of the Loan Programs Office at the U.S. Department of Energy, a role he held until July of this year. Mr. Davidson previously held roles of Senior Advisor for Energy and Economic Development at the Port Authority of New York and New Jersey and Executive Director of New York State's economic development agency, the Empire State Development Corporation. Nicholas Parker is the Founding Managing Partner of Global Acceleration Partners Inc. (‘GAP').

Previously, Mr. Parker launched The Cleantech Group in 2002, and has over 15 years' experience forming and investing in funds worldwide. Michael Doolan is currently Executive Vice President and CFO of Molycorp Inc. Previously, Mr. Doolan served as Chief Financial Officer and Senior Vice President of Falconbridge Limited. Mr. Doolan has over 30 years of financial management experience, with specific expertise in international mergers and acquisitions, offshore financing structures, and international treasury management.

In addition, shareholders voted to welcome Yang Baoxin to the board of directors. Mr. Baoxin is the Chairman of Castel Qihua Hi-Tech Investments Ltd.