The board of directors of China Machinery Engineering Corporation announced that Mr. Yu Benli has tendered his resignation letter resigning as a non-executive Director (the NED) due to the change of job arrangements and accordingly, will cease to act as the chairman and a member of the operation and risk management committee of the Board and a member of the strategy and development committee of the Board; and Mr. Zhang Fusheng has tendered his resignation letter resigning as a NED due to the change of job arrangement and accordingly, will cease to act as a member of each of the audit committee of the Board and the remuneration committee of the Board. The above resignations shall become effective from the date on which the proposed appointment of the new NEDs are approved by the shareholders of the Company at the 2020 second extraordinary general meeting of the Company to be held on 25 September 2020.