The board of directors of Sunny Optical Technology (Group) Company Limited announced that Mr. Sha Ye resigned as a non-executive Director, member of each of the audit committee, remuneration committee and the strategy and development committee of the Board with effect from December 21, 2013 due to the shareholding of Chengwei Ventures Evergreen Fund, L.P., being one of the holding companies of a then strategic investor of the company when listing of its shares on the main board on The Stock Exchange of Hong Kong which nominated Mr. Sha as its representative in the Board, in the company has reduced. Mr. Wang Wenjie has been appointed as an executive Director with effect from December 21, 2013. Mr. Wang is currently the general manager of Ningbo Sunny Opotech Co.

Ltd. and the general manager of Hangzhou Sunny Security Technology Co. Ltd. The company has entered into a service agreement with Mr. Wang as Director for a term of 3 years commencing from 21 December 2013 and is subject to retirement by rotation and re-election in accordance with the Articles of Association of the company. The Board also announced that further to the above-mentioned resignation and appointment of Directors, the composition of the Audit Committee will be changed to Mr. Zhang Yuqing being the chairman and Dr. Liu Xu and Mr. Chu Peng Fei Richard being the members.

The Board announced that further to the above-mentioned resignation and appointment of Directors, the composition of the Remuneration Committee will be changed to Mr. Chu Peng Fei Richard being the chairman and Dr. Liu Xu and Mr. Zhang Yuqing being the members. The composition of the Strategy and Development Committee will be changed to Mr. Ye Liaoning being the chairman and Mr. Sun Yang, Mr. Wang Wenjian, Dr. Liu Xu and Mr. Wang being the members. The composition of the nomination committee of the Board will be changed to Dr. Liu Xu being the chairman and Mr. Wang Wenjian and Mr. Chu Peng Fei Richard being the members.