Effective April 10, 2012, Mr. Yuhua Yang resigned as the Chief Financial Officer of TEC Technology, Inc. Yang's resignation was not because of any disagreement with the company on any matter relating to the company's operations, policies or practices. On the same date, the Board of Directors of the company appointed Dr. Peter Lim Boon-Lum as the company's Chief Financial Officer, effective immediately upon Mr. Yang's resignation. Lim Boon-Lum has more than 10 years of experience in financial management. Dr. Lim was the company's Vice President for Investment Relations from January 2011 to April 2012. Prior to joining the company, Dr. Lim worked as the CEO and Technical Director of AEI PTE LTD and AEI Group of company since January 2010.