The board of directors of IRICO Group New Energy Company Limited announced that it unanimously approved that Mr. Chen Xiaoning was appointed as the executive deputy general manager of the company and Mr. Wu Wenchao was appointed as the deputy general manager of the company, with a term of office identical with that of the Board and Mr. Hong Yuan, the former deputy general manager of the company, ceased to serve as the deputy general manager of the company due to changes in job arrangements. Mr. Chen Xiaoning, a deputy general manager of the Company and general manager of Hefei IRICO New Energy Co. Ltd. Mr. Chen joined the group in July 1996. Mr. Wu Wenchao an assistant to the general manager of the Company and the factory director of IRICO Photovoltaic Glass Factory. Mr. Wu joined the group in July 1989.