The board of directors of Solargiga Energy Holdings Limited announced that Mr. Tan Wenhua, in order to alleviate the workload from the dual roles of Chairman of the Board and Chief Executive Officer of the company and in order to better comply with the principles and the code provisions set out in the Corporate Governance Code in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, has stepped down from the position of Chief Executive Officer of the company with effect from October 6, 2016. Mr. Tan Wenhua will stay on to serve the company as an executive director, the Chairman of the Board and a member of the remuneration committee of the Board. The board also announced that Mr. Tan Xin, an executive director, has been appointed as the Chief Executive Officer with effect from October 6, 2016. Mr. Tan Xin, is an executive Director and the General Manager of Greater China and executive Assistant to Chief Executive Officer of the company. He joined the Group in July 2005.