The board of directors of Computech Holdings Limited announced that with effect from December 31, 2013, Mr. Yang Yue Zhou has resigned as chairman of the Board and executive Director due to his other business commitments which require more of his time. The Board also announced that with effect from December 31, 2013, Mr. Zhang Xiongfeng, an executive Director, has been appointed as chairman of the Board. Mr. Zhang, aged 45, has been appointed as an executive Director since December 9, 2013.

Mr. Zhang has not entered into a new appointment letter in relation to his newly appointed role as the chairman of the Board. Pursuant to the appointment letter entered into between Mr. Zhang and the Company in relation to his role as an executive Director, Mr. Zhang is appointed for a fixed term ending on 31 December 2014. Mr. Zhang's appointment shall be subject to retirement by rotation and re-election at general meeting of the company in accordance with the articles of association of the company.