Hanergy:Poll Results of Annual General Meeting Held on 20 May 2016
Hanergy Thin Film Power Group Limited released announcements of “Poll Results of Annual General Meeting Held on 20 May 2016 and Retirement of Executive Director” and “Change of Directors”, appointing Mr. Yuan Yabin as an Executive Director of Hanergy Thin Film Power and the Chairman of the Board, Dr. Lam Yat Ming Eddie as the Deputy Chairman of the Board, Mr. Liu Jianjun and Mr. Xu Xiaohua as Executive Directors of Hanergy Thin Film Power, and Mr. Si Haijian as the Chief Executive Officer of Hanergy Thin Film Power. At the same time, Mr. Li Hejun resigned as an Executive Director of Hanergy Thin Film Power and the Chairman of the Board; Mr. Dai Frank Mingfang resigned as an Executive Director of Hanergy Thin Film Power, the Deputy Chairman of the Board and the Chief Executive Officer of Hanergy Thin Film Power; Dr. Feng Dianbo resigned as an Executive Director of Hanergy Thin Film Power and the Deputy Chairman of the Board; Mr. Chen Li resigned as an Executive Director and the Executive Vice President of Hanergy Thin Film Power.
We have noticed that since the release of the announcements, the general public and the media have been paying close attention to the above-mentioned changes of directors. Therefore, we make the following statement:
Firstly, Hanergy Holding Group Limited (hereinafter referred to as “Hanergy Holding”) and Hanergy Thin Film Power are two different legal entities. Please do not get confused. The positions from which Mr. Li Hejun, Mr. Dai Frank Mingfang, Dr. Feng Dianbo and Mr. Chen Li resigned are positions of Hanergy Thin Film Power, not positions of Hanergy Holding. Mr. Li Hejun is still the Chairman of the Board and the Chief Executive Officer of Hanergy Holding; Dr. Feng Dianbo is still an Executive President of Hanergy Holding; Mr. Dai Frank Mingfang is still an Executive Vice President of Hanergy Holding; Mr. Chen Li is still a Senior Vice President of Hanergy Holding.
Secondly, as mentioned in the announcements of “Poll Results of Annual General Meeting Held on 20 May 2016 and Retirement of Executive Director” and “Change of Directors”, the resignation of Mr. Li Hejun, Mr. Dai Frank Mingfang, Dr. Feng Dianbo and Mr. Chen Li from certain positions of Hanergy Thin Film Power was for reasons such as strengthening corporate governance and focusing on other business development. All the newly elected directors have made significant contributions to important business areas of Hanergy Thin Film Power, and the changes have reinforced the company’s development and management modes featured by market orientation, technology as the core strength and management as the basis. Among the seven directors, four are responsible for four respective technologies, one is responsible for marketing and sales, one is responsible for financial and internal management and one is an authorized representative of the Hong Kong listed company, responsible for the communication with The Stock Exchange of Hong Kong Limited (SEHK) and regulators.
Thirdly, the position changes of certain directors of Hanergy Thin Film Power were normal organizational and personnel changes, which we hope the media and the general public will not over interpret.Fourthly, Hanergy Holding and Hanergy Thin Film Power have been making constant changes in accordance with established goals, while the advancement of technological and marketing efforts has been smooth; currently, all operations of work are normal and ordered.
