Sun King Power Electronics : Announcements and Notices - Appointment of Non-executive Directors and Change of Composition of Audit Committee and Investment Committee

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 the Cayman Islands with limited liability)

The board (the "Board") of directors (the "Director(s)") of Sun.King Power Electronics Group Limited (the "Company") announces that Mr. Yan Fuquan ("Mr. Yan") was appointed as the deputy chairman of the Board, a non-executive Director and the chairman of the investment committee of the Board, all with effect from 12 October 2017.

Mr. Yan, aged 54, graduated from Jilin University as a PhD research student（博士研究生）in theoretical economics in June 2010.

From July 2003, Mr. Yan has worked for China Hi-Tech Group Corporation ( 中國恆天集團有限公 司 ) in which he assumed the positions of the head of the finance department ( 財務部部長 ), the deputy chief accountant ( 副總會計師 ) and the chief accountant ( 總會計師 ) successively. Mr. Yan is currently the chief accountant ( 總會計師 ) of China Hi-Tech Group Corporation ( 中國恆天集團有限公司 ), the chairman of the board ( 董事長 ) and the general manager ( 總經理 ) of China Hi-Tech Holding Company Limited ( 中國恆天控股有限公司 ), the chairman of the board ( 董事長 ) of 恆天投資管理有限公司 and a director of 北京市文化科技融資租賃股份有限公司 .

From July 1984 to February 2001, Mr. Yan worked for 衡陽紡機廠 in which he assumed the positions of the deputy director of the office of the chief accountant ( 總會計師辦公室副主任 ), the head of the finance department ( 財務處處長 ), the chief accountant ( 總會計師 ) and the factory manager ( 廠長 ) successively. From February 2001 to March 2005, Mr. Yan worked for 中國紡 織機械（集團）有限公司 as the head of the finance department ( 財務部部長 ). Mr. Yan was an executive director of Jingwei Textile Machinery Company Limited ( 經緯紡織機械股份有限公司 ),

a company delisted from the The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 28 December 2015.

As at the date of this announcement, Mr. Yan does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, Mr. Yan has not held any directorship in any public company the securities of which are listed on any securities market in Hong Kong or overseas in the three years preceding the date of his appointment. To the best knowledge of the Directors, Mr. Yan has no relationship with any Directors, senior management, substantial shareholders or controlling shareholders of the Company.

Mr. Yan executed an appointment letter dated 12 October 2017 for a term of three years commencing from the date of appointment and may be terminated in accordance with the terms of the appointment letter. Mr. Yan will not receive any remuneration.

Mr. Yan will hold office until the coming general meeting of the Company at which he will be eligible for re-election. Thereafter, Mr. Yan will be subject to retirement by rotation and re-election pursuant to the articles of association of the Company and the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). Save as disclosed above, there are no other matters concerning Mr. Yan's appointment that need to be brought to the attention of the shareholders of the Company nor there is any information required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules.

Following the appointment of Mr. Yan as the chairman of the investment committee of the Board, Mr. Zhang Xuejun (the former chairman of the investment committee) remains as a member of the investment committee.

The Company would like to express its warmest welcome to Mr. Yan for joining the Board.

The Board further announces that Mr. Zhu Ming ("Mr. Zhu") was appointed as a non-executive Director and a member of the audit committee of the Board, both with effect from 12 October 2017.

Mr. Zhu, aged 39, received a master's degree in accounting from the Dongbei University of Finance & Economics in December 2008.

Mr. Zhu is currently the chief financial officer ( 財務總監 ) of China Hi-Tech Holding Company Limited ( 中國恆天控股有限公司 ).

From February 2009 to October 2015, Mr. Zhu worked for China Hi-Tech Group Corporation ( 中國恆天 集團有限公司 ) in which he assumed the positions of the supervisor of the finance department ( 財務部主 管 ) and the manager of the finance department ( 財務部經理 ) successively.

As at the date of this announcement, Mr. Zhu does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Zhu has not held any directorship in any public company the securities of which are listed on any securities market in Hong Kong or overseas in the three years preceding the date of his appointment. To the best knowledge of the Directors, Mr. Zhu has no relationship with any Directors, senior management, substantial shareholders or controlling shareholders of the Company.

Mr. Zhu executed an appointment letter dated 12 October 2017 for a term of three years commencing from the date of appointment and may be terminated in accordance with the terms of the appointment letter. Mr. Zhu will not receive any remuneration.

Mr. Zhu will hold office until the coming general meeting of the Company at which he will be eligible for re-election. Thereafter, Mr. Zhu will be subject to retirement by rotation and re-election pursuant to the articles of association of the Company and the Listing Rules. Save as disclosed above, there are no other matters concerning Mr. Zhu's appointment that need to be brought to the attention of the shareholders of the Company nor there is any information required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules.

The Company would like to express its warmest welcome to Mr. Zhu for joining the Board.

By order of the Board

Chairman

Hong Kong, 12 October 2017

As at the date of this announcement, the executive Directors are Mr. Xiang Jie, Mr. Gong Renyuan and Mr. Yue Zhoumin; the non-executive Directors are Mr. Yan Fuquan and Mr. Zhu Ming; and the independent non-executive Directors are Mr. Chen Shimin, Mr. Zhang Xuejun and Mr. Leung Ming Shu.