The board of directors of Wasion Group Holdings Limited announced that Mr. Liao Xue Dong has resigned from his position as an executive director of the company with effect from September 3, 2012 due to his desire to devote more time to his personal affairs and to pursue his other business. The Board also announced that Ms. Li Hong has been appointed as an executive director of the company with effect from September 3, 2012. Ms. Li joined the group in 2000 and held various management positions within the Group, including the director of personnel, and served as executive vice president and vice president from 2000 to 2011.

She is also a director of Hunan Weike Power Meters Company Limited, Hunan Weiming Energy Technology Company Limited, Changsha Weisheng Energy Industrial Technology Company Limited, Changsha Wasion Industrial Investment Company Limited, Changsha Ruisheng Electronic Company Limited and Beijing Weisheng Technology Company Limited, all being subsidiaries of the group.