The board of directors of Computime Group Limited announced that Mr. AUYANG Pak Hong Bernard a Non-executive Director of the Company, has been re-designated as an Executive Director and the Chief Executive Officer, succeeding Dr. OWYANG King with effect from April 1, 2020. This announcement represents the Group's ongoing and thoughtful planning in management organization, which ensures a smooth transition for Computime as the Company continues to deliver specialized and innovated solutions in the electronics manufacturing and Internet of Things service space. Dr. OWYANG King will remain as an Executive Director as a result of the transition, and will allow the Company to continue to benefit from his expertise in research and development.

Mr. Bernard AUYANG, has over 28 years of experience in general management and the corporate industry. He was in his latest position as an Executive Director and the Chief Executive Officer with the Company between October 2006, the time of successful listing, and October 2009, later deciding to pursue other ventures. After, he has been the Chairman of Vida Nova Ventures, a Hong Kong based investment firm, since 2009, and the Chief Executive Officer of Altis Zenus Group, a brand and technology company focusing on innovative communication and outdoor products since 2016.

After the re-designation, Mr. Bernard AUYANG would be responsible for corporate strategy planning, business development, corporate decision making, and general management of the Group. Meanwhile, Dr. OWYANG King will continue to dedicate his resources and time, focusing on the research and development of future technologies.