The board of directors of Hengxin Technology Ltd. announced that Mr. Cui Genxiang has resigned as the chairman of the company, the executive Director of the company, the chairman of the nominating committee of the company and one of the authorised representatives of the company with effect from 31 December 2015. The Board announced that Mr. Du Xiping has been appointed as the executive Director and an Authorised Representative with effect from 31 December 2015. Mr. Du is currently the chairman of Jiangsu Hengxin Technology Co.

Ltd., as well as the general manager of Shenzhen Dong Fang Hongda Investment Co. Ltd. The Board announced that Mr. Cui Wei, the non-executive Director, has been appointed as the chairman of the company and the chairman of the Nominating Committee with effect from 31 December 2015. Mr. Cui Wei was appointed as a non-executive Director of the company on 14 October 2014 and has been a member of the audit committee and the Remuneration Committee of the company since 6 March 2015.

Following the change of management, with effect from 31 December 2015, Ms. Zhang Zhong has ceased to be a member of each of the Nominating Committee and the Remuneration Committee, though she remains as a member of the audit committee of the company, Mr. Du Xiping has become a member of the Nominating Committee, and Mr. Xu Guoqiang has become a member of the Remuneration Committee.