The board of directors of C.P. Lotus Corporation announced management changes with effect from December 1, 2015, which are designed to streamline the business and strategic development of the company and its subsidiaries. Re-designation of director from senior vice chairman and chief executive officer to executive chairman: Mr. Li Wen Hai, Executive Director, Senior Vice Chairman and Chief Executive Officer of the company, will continue to be Executive Director but will cease to be Senior Vice Chairman and Chief Executive Officer and be re-designated as Executive Chairman of the company. Mr. Weng Hai Xin will be appointed as Chief Executive Officer of the company.

Mr. Weng Hai Xin has been the Chief Operation Officer of the company since October 2013. Since joining the Group in 2003, he has served various key positions as Assistant Vice President of Electronics & Hardline Department, Vice President of Commercial Department, Project Director and Chief Operation Officer of Southern Region of the Group.