The board of directors of Cogobuy Group announced that Mr. Hao Chunyi, Charlie has been appointed as an independent non-executive Director, the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee of the company with effect from February 13, 2018. Mr. Hao has been the Chief Executive Officer and President of Shandong Haizhicheng Energy Engineering Co. Ltd., since 2015. Over the years, Mr. Hao has been instrumental in the founding and establishments of several investments funds and companies, including China Fundamental Acquisition Corporation where Mr. Hao was the Chief Executive Officer from 2008 to 2010, and a member of the board of directors and the President of China of Asia Automotive Acquisition Corporation from 2005 to 2008. The board announced that with effect from February 13, 2018, Mr. Kim Jin Ha, Jason has tendered his resignation as a non-executive Director due to his other business commitments. Mr. Zhong Xiaolin, Forrest has also tendered his resignation as an independent non-executive Director, chairman of each of the audit committee, the nomination committee, and the remuneration committee of the company with effect from February 13, 2018 due to his other business commitments. The board announced that following the resignation and appointment of Directors, the composition of the Audit Committee, the Nomination Committee and the Remuneration Committee has been changed as follows with effect from February 13, 2018: Mr. Hao has been appointed as the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee; Mr. Ye Xin, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee; and Dr. Ma Qiyuan, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee.
Ingdan, Inc, formerly Cogobuy Group, is a China-based company mainly engaged in the sales of electronic components and semiconductor products. The Company conducts its businesses primarily through two segments. The Comtech segment is mainly engaged in the sales of integrated circuits (ICs), other electronic components and artificial intelligence Internet of Things (AIoT) products. The Ingdan segment is mainly engaged in the sales of self-developed and semiconductor products, Gravity Financial Services, third-party platform operations, software licensing services and incubators.
INGDAN, INC. 
