The Board of LifeTech Scientific Corporation announced that Mr. ZHAO Yiwei Michael has resigned as an executive Director and the Chief Executive Officer and other positions of the Group with effect from March 2, 2015 due to his intention to concentrate on his family and personal affairs. Following the resignation of Mr. ZHAO, Mr. XIE Yuehui, an executive Director and Chairman of the Board, has been appointed to act as the Chief Executive Officer with effect from March 2, 2015. After the appointment of Mr. XIE as the Chief Executive Officer with effect from March 2, 2015, the roles of the Chairman of the Board and the Chief Executive Officer are performed by the same individual.

The Board is also pleased to announce that Mr. LIU has been appointed as a non-executive Director of the Company with effect from March 2, 2015. Mr. XIE, aged 45, is chairman and has been appointed as a Director with effect from August 2006 and as an executive Director with effect from October 22, 2011. Mr. XIE has served as the director of Lifetech Scientific (Shenzhen) Co.

Ltd.since October 2000 and was promoted to serve as the chairman of Lifetech Shenzhen since 2005. Mr. XIE is primarily responsible for the overall strategic planning and the management of business of the Group. The Board is also pleased to announce that Mr. LIU Jianxiong has been appointed as a non-executive Director of the Company with effect from March 2, 2015.

LIU Jianxiong, aged 44, is the Chief Financial Officer and company secretary of the Group. He is also an authorised representative of the Company as required under the Listing Rules. Mr. LIU joined the Group in September 2010.

He has about 22 years of experience in the accounting fields. He started his career as an auditor at Kwan Wong Tan & Fong (currently Deloitte Touche Tohmatsu) in 1993, and was primarily responsible for carrying out audits and consultancy work. Mr. LIU then continued to work with a number of multinational companies.