Highlight China IoT International Limited announced that with effect from 13 September 2017, being the date immediately after the closing date, Mr. Gao Zhiyin has tendered his resignation as an executive Director and ceased to be the chairman of the Board, a member of remuneration committee of the company and the chairman of nomination committee of the company and Mr. Gao Zhiping has tendered his resignation as an executive Director and ceased to be the chief executive officer of the company. The Board announced that in connection with the Offer and as nominated by the Offeror, Mr. Zhi Hua has been appointed as an executive Director, the chairman of the Board, a member of remuneration committee of the company and the chairman of nomination committee of the company with effect from 13 September 2017, being the date immediately after the Closing Date. Mr. Zhi has been conducting business in certain companies, including Hangzhou Zhihua Municipal Construction Company Limited, Hangzhou Huazhiying Investment Management Company Limited and Hangzhou Zhishi Technology Company Limited and Hangzhou Huayingbao Technology Company Limited which are principally engaged in technology development, advisory and transfer on computer hardware, software and electronic products in the People's Republic of China since August 2002 and December 2015 respectively.

The Board announced that with effect from 13 September 2017, Mr. Gao Zhiyin has also resigned as an authorised representative of the company, and Mr. Lam Kai Yeung has been appointed as an authorised representative of the company pursuant to Rule 3.05 of the Listing Rules. The Board announced that Mr. Gao Zhiping ceased to be the chief executive officer of the company and Mr. Lam has been appointed as the chief executive officer of the company with effect from 13 September 2017. Mr. Lam was appointed as an executive Director on 30 June 2017.

He served as an independent non-executive Director from 16 August 2014 to 1 May 2017 and the chief financial officer of the company from 1 May 2017 to 12 September 2017. He is also an independent non-executive director of Finsoft Financial Investment Holdings Limited and Kong Shum Union Property Management (Holding) Limited. He is also an independent non-executive director of Silverman Holdings Limited, Sunway International Holdings Limited, Holly Futures Co., Limited and Kin Shing Holdings Limited.

Mr. Lam was an independent non-executive director of Northeast Tiger Pharmaceutical Co. Ltd. from August 2008 to June 2015. He was a non-executive director of Ping Shan Tea Group Limited.

The Board announced that Mr. Lam ceased to be the chief financial officer of the company and Mr. Yuan Xiaolei has been appointed as the chief financial officer of the company with effect from 13 September 2017. Prior to joining the company, Mr. Yuan had worked for various companies and accounting firms in the PRC.