Sun King Power Electronics Group Limited announced that Mr. Xiang Jie, being the Chairman, the CEO and an executive Director, relinquished his role as the CEO and remains as the Chairman and an executive Director with effect from April 10, 2012 and the appointment of Mr. Gong Renyuan, being an executive Director, as the CEO on March 27, 2012 became effective on April 10, 2012. Gong joined the Group in 2002. He is primarily responsible for overseeing the overall business of the Group, including devising and implementing the business and development strategies and targets. Before joining the Group, Mr. Gong has accumulated over eight years of experience in business operations. The Board announced that both the resignation of Mr. Wong Kun Kau, a non-executive Director, as the chairman of the remuneration committee of the Board and the appointment of Mr. Wang Yi, an independent non-executive Director, as the chairman of the Remuneration Committee on March 27, 2012 became effective on April 10, 2012. Mr. Wong remains as a member of the Remuneration Committee.