The Board of Tesson Holdings Limited announced that with regard to the Group’s expanding business segments in mainland China and the transformation of corporate structure of the Lithium Ion Motive Battery Business which require increasing effort to cooperate with different business partners, Mr. Sheng Siguang (Mr. Sheng) will focus on managing the Lithium Ion Motive Battery Business and has resigned from the role as the CEO with effect from 1 August 2019. Mr. Sheng will remain as an executive director of the Company. Mr. Sheng confirmed to the Company that he has no disagreement with the Board and that there are no other matters that need to be brought to the attention of the Shareholders in relation to his resignation as CEO. The Board further announced that, Mr. Tin Kong (Mr. Tin), currently the Chairman and an executive Director, has been appointed as the CEO with effect from 1 August 2019. Mr. Tin, aged 58, was appointed as an executive Director on 27 August 2015. He is the chairman of the Board, the nomination committee and the internal control committee of the Company, and a member of the Remuneration Committee of the Company. He has been appointed as an authorised representative of the Company required under Rule 3.05 of the Listing Rules with effect from 4 March 2016. Mr. Tin holds directorships in various subsidiaries of the Company. Mr. Tin is the director of Double Key International Limited, the controlling shareholder of the Company. He graduated from the Department of Economics and Management in Beijing Academy of Cultural Administration.