The board of directors of Sun.King Power Electronics Group Limited announced that Mr. Jin Jiafeng has tendered his resignation as an executive Director and the chief financial officer of the Group in order to pursue other personal commitments, both with effect from 1 April 2016. The Board also announced that Mr. Ye Weigang Greg has tendered his resignation as a non-executive Director and a member of each of the audit committee and the investment committee of the Board in order to pursue other personal commitments, all with effect from 1 April 2016. The Board announced that in view of the resignation of Mr. Jin as the chief financial officer of the Group, Mr. Bo Xiangpeng has been appointed as the chief financial officer of the Group with effect from 1 April 2016.

Mr. Bo joined the Group as the audit manager in August 2010 and was subsequently promoted to the financial manager of the Group in 2012 and the financial controller of the Group in 2013. Prior to joining the Group, Mr. Bo was an auditor at KPMG and an internal auditor at ATA Inc. The Board announced that in view of the resignation of Mr. Ye as a member of the audit committee of the Board, Mr. Li Fengling, being an independent non-executive Director, has been appointed as a member of the audit committee of the Board with effect from 1 April 2016. The Board announced that Mr. Lau Lap Kwan has tendered his resignation as the company secretary due to retirement, all with effect from 1 April 2016.

The Board announced that in view of the resignation of Mr. Lau as the company secretary, Ms. He Lina and Ms. Mok Ming Wai have been appointed as joint company secretaries, both with effect from 1 April 2016. Ms. Mok is a director of KCS Hong Kong Limited.