The Board of Directors of BOE Varitronix Limited announced that Mr. Yao Xiangjun resigned as an executive Director of the Company and the chairman of the Board with effect from 4 September 2018. The Board announced that Mr. Gao Wenbao ("Mr. Gao") has been appointed as an executive Director of the Company and the chairman of the Board with effect from 4 September 2018. From 2015 to 2018, Mr. Gao worked as a co-chief executive officer of Display Business Group of BOE. He is currently the chief executive officer of Display and Sensor Business Group of BOE. The Board announced that Mr. Yao ceased to be the chairman of the nomination committee of the Company (the "Nomination Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee") with effect from 4 September 2018. Mr. Gao has been appointed as the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 4 September 2018.