China Windpower : UPDATE ON INFORMATION OF A DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(incorporated in Bermuda with limited liability)

The Board of Concord New Energy Group Limited (the "Company", together with its subsidiaries refers to the "Group") is informed by an executive director of the Company, Mr. Yang Zhifeng ("Mr. Yang"), that he has acquired and has become the indirect largest shareholder of a PRC incorporated company " 景成新能源科技開發集團有限公 司（Jinchance New Energy Technology Development Group Limited) ("Jinchance"). Jinchance and its subsidiaries are engaged in the businesses which may compete directly or indirectly with the existing businesses of the Group. To ensure compliance of the bye-laws of the Company and corporate governance practice, Mr. Yang will not attend any meetings which he may have actual or potential conflict of interests in this regard.

By order of the Board,

Chairman

Hong Kong, 2 June 2017

As at the date of this announcement, the Board comprises Mr. Liu Shunxing (Chairman), Mr. Yang Zhifeng and Ms. Liu Jianhong (who are Co-Vice Chairpersons), Mr. Yu Weizhou (Chief Executive Officer), Mr. Niu Wenhui and Mr. Gui Kai (all of above are also executive Directors), Mr. Wu Shaohua (who is non-executive Director) and Dr. Wong Yau Kar, David,BBS,JP, Mr. Yap Fat Suan, Dr. Shang Li and Ms. Huang Jian (who are independent non-executive Directors).