The board of directors of Sunny Optical Technology (Group) Company Limited announced that Dr. Liu Xu (Dr. Liu) resigned as an independent non-executive director, a chairman of the nomination committee, a member of each of the audit committee, the remuneration committee, and the strategy and development committee of the board with effect from April 1, 2016 due to his other work commitments; and Mr. Chu Peng Fei Richard resigned as an independent non-executive director, chairman of the Remuneration Committee, a member of each of the Audit Committee and the Nomination Committee with effect from April 1, 2016 due to retirement. Each of Dr. Liu and Mr. Chu has confirmed that he has no disagreement with the board and there is no matter that needs to be brought to the attention of the shareholders of the company in connection with the resignations. Mr. Feng Hua Jun has been appointed as an independent non-executive director with effect from April 1, 2016.

Mr. Feng, aged 52, has been teaching in the Zhejiang University since August 1986 and been promoted to his current positions of professor and doctoral supervisor in July 1998, mainly responsible for works involving teaching and scientific research. Mr. Shao Yang Dong has been appointed as an independent non-executive director with effect from April 1, 2016. Mr. Shao, aged 46, is currently the general partner of Yuantai Investment Partners Evergreen Fund, L.P. Mr. Shao was a director of each of Sunny Optics and Sunny Instruments from May 2005 to September 2010, Sunny Zhongshan from October 2005 to September 2010, Sunny Opotech from November 2005 to September 2010 and Sunny Infrared from March 2006 to September 2010.