Vixtel Technologies Holdings Limited announced announces that, with effect from 1 June 2022, Mr. Sie Tak Kwan has resigned as an executive Director. Mr. Sie will remain as a financial director of Vixtel Technologies Limited, an indirect wholly-owned subsidiary of the Company. The Board also announces that, with effect from 1 June 2022, Mr. Guan Haiqing has resigned as the chairman of the Board due to reassignment of duties and responsibilities and has been re-designated as a non-executive Director.

Mr. Guan, aged 48, was appointed as a Director on 10 November 2015 and was re-designated as an executive Director on 28 June 2016. He was further appointed as the Chairman on 22 June 2020. Mr. Guan graduated from Shanghai Jiao Tong University with a bachelor's degree in automation in July 1995.

Mr. Guan has over 21 years of sales and marketing experience in high technology software solution enterprises. Prior to joining the Group, Mr. Guan has worked in the capacity of research and development engineer and a testing engineer in Shanghai Bell Alcatel Mobile Communication System Company Limited from April 1996 to April 2000 and the sales manager of Agilent Technologies Group from June 2000 to April 2010. Mr. Guan then worked in the sales department of JDSU Photoelectric Technology (Beijing) Co.

Ltd. from August 2010 to June 2013. Prior to joining the Group, Mr. Guan worked as a senior sales manager at JDSU Communication Technology (Shenzhen) Co. Ltd. (Shanghai Branch).

The Board also announces that Mr. Shi Zhimin, an executive Director, has been appointed as the Chairman with effect from 1 June 2022. Mr. Shi, aged 40, was appointed as an executive Director on 16 March 2022. He obtained a bachelor's degree in business administration from China University of Geosciences in 2004 and has extensive management experience in listed companies.

During the period from July 2009 to October 2015, Mr. Shi was the general manager of Shenzhen Ruice Technology Company Limited, which engages in technology development, sales and on-site maintenance of test instruments, meters, electronic equipment and mechanical equipment parts, chemical products (excluding dangerous goods), optoelectronic materials, insulation materials, rubber and plastic materials, heat shrinkable materials; information consulting; and import and export business. During the period from 6 April 2016 to 6 November 2017, Mr. Shi was the chairman of Guangdong Boxin Investment Holding Company Limited, a company whose shares are listed on the Shanghai Stock Exchange (600083.SH) and engages in the business of intelligent hardware and its derivative products, leasing and sales of heavy machinery and equipment, and commodity trading. Mr. Shi has been the general manager and legal representative of Shenzhen Qianhai Xuanzhuo Investment Management Company Limited since November 2015.

He has also been the executive affairs representative of Shenzhen Qianhai Xuanzhuo Investment Development Centre since November 2015. It is a company that engages in investment management, entrusted asset management (excluding trust, financial asset management, securities asset management and other restricted projects), equity investment, investment and running of corporate entities participating in setting up and providing management consultancy to venture capital enterprises, investment and corporate management consultancy services. The Board also announces that, with effect from 1 June 2022, Mr. Cheung Kai Cheong Willie has resigned as the company secretary of the Company due to personal work arrangement.

The Board also announce that, with effect from 1 June 2022, Mr. Chan Ngai Chi ("Mr. Chan") has been appointed as the Company Secretary. Mr. Chan, aged 50, joined the Group as the chief financial officer of the Company on 1 April 2022. He is primarily responsible for the overall management of the finance and accounting operations and providing financial strategic planning to the Group.

Prior to joining the Company, Mr. Chan had more than 25 years of financial management, compliance and auditing experience. Mr. Chan worked in the audit division of PricewaterhouseCoopers Hong Kong and various Hong Kong and U.S. listed companies. Mr. Chan is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants, and also a Chartered Financial Analyst Charterholder.

Mr. Chan holds a bachelor's degree in business administration in accounting from the Hong Kong University of Science and Technology, a master of science degree from the Chinese University of Hong Kong and an EMBA degree from Peking University. Mr. Chan is currently an independent non-executive director of Beijing Tong Ren Tang Chinese Medicine Company Limited.