8429 Kingli-KY Announces Elected List of 7th Directors (Including Independent Directors)

Date of Announcement: June 24, 115 Date of Statement: June 23, 115 Time of Statement: 15:10:08 Company Code: 8429 Company Name: Kingli-KY Subject: Announcement of the Elected List of the 7th Directors (Including Independent Directors) Applicable Clause: Clause 6 Date of Fact: June 23, 115

1. Date of Change: 06/23/115 2. Category of Appointed or Changed Personnel (Legal Person Director, Legal Person Supervisor, Independent Director, Natural Person Director, or Natural Person Supervisor): Independent Directors and Natural Person Directors 3. Former Title and Name: Director: Zhuang Chun-Long Director: Chen Hong-Lin Director: Cai Yong-Long Director: Xue You-Wei Independent Director: Chen Jin-De Independent Director: Ye Ming Independent Director: Luo Ping 4. Former Resume: Director: Zhuang Chun-Long / Chairman of Kingli Group Holdings Limited Director: Chen Hong-Lin / Director and General Manager of Kingli Group Holdings Limited Director: Cai Yong-Long / Director of Kingli Group Holdings Limited Director: Xue You-Wei / Director of Kingli Group Holdings Limited Independent Director: Chen Jin-De / Independent Director of Kingli Group Holdings Limited Independent Director: Ye Ming / Independent Director of Kingli Group Holdings Limited Independent Director: Luo Ping / Independent Director of Kingli Group Holdings Limited 5. New Title and Name: Director: Zhuang Chun-Long Director: Chen Hong-Lin Director: Cai Yong-Long Director: Xue You-Wei Independent Director: Chen Jin-De Independent Director: Ye Ming Independent Director: Luo Ping 6. New Resume: Director: Zhuang Chun-Long / Chairman of Kingli Group Holdings Limited Director: Chen Hong-Lin / Director and General Manager of Kingli Group Holdings Limited Director: Cai Yong-Long / Director of Kingli Group Holdings Limited Director: Xue You-Wei / Director of Kingli Group Holdings Limited Independent Director: Chen Jin-De / Independent Director of Kingli Group Holdings Limited Independent Director: Ye Ming / Independent Director of Kingli Group Holdings Limited Independent Director: Luo Ping / Independent Director of Kingli Group Holdings Limited 7. Nature of Change (Please enter 'Resignation', 'Removal', 'End of Term', 'Deceased', or 'New Appointment'): End of Term 8. Reason for Change: Full board re-election upon expiration of term 9. Shareholding at Time of New Appointment: Director: Zhuang Chun-Long: 29,138,883 shares Director: Chen Hong-Lin: 0 shares Director: Cai Yong-Long: 0 shares Director: Xue You-Wei: 0 shares Independent Director: Chen Jin-De: 0 shares Independent Director: Ye Ming: 0 shares Independent Director: Luo Ping: 0 shares 10. Previous Term (e.g., xx/xx/xx ~ xx/xx/xx): 06/21/112 ~ 06/20/115 11. Effective Date of New Appointment: 06/23/115 12. Director Turnover Rate within Same Term: Not applicable due to full re-election 13. Independent Director Turnover Rate within Same Term: Not applicable due to full re-election 14. Supervisor Turnover Rate within Same Term: Not applicable 15. Is there a change of one-third or more of the directors? (Yes or No): No 16. Other Matters to be Clarified: None