The board of directors Biostime International Holdings Limited announced that Dr. Zhang Wenhui has been re-designated from an executive director to a non-executive director with effect from June 25, 2012. Dr. Zhang also resigned his other positions in the company, including the position as the chief technology officer of the company, with effect from June 25, 2012. Dr. Zhang was appointed as an executive director on May 12, 2010 and was the chief technology officer and head of the Quality Assurance Department of the company prior to his re-designation of director and resignation of his other positions in the company. The board announced that following Zhang resignation as the chief technology officer of the company, Dr. Patrice Malard has been appointed as the chief technology officer of the company with effect from June 25, 2012. Dr. Patrice Malard joined the company in October 2010. He is the chief scientific officer of the company and is mainly responsible for providing technical support and advice to the research and development of its products. He was the scientific consultant of Biostime Guangzhou from March 1, 2008 to September 30, 2010.