Launch Tech Company Limited announced that Ms. Liu Yong (‘Ms. Liu’) plans to resign as non-executive director prior to expiry of her term of appointment. Since Ms. Liu plans to leave the country for a period of time, and due to her other business engagements which requires more of her dedication, Ms. Liu is of the view that she mightnot be capable of taking up such position, and will resign upon passing of the appointment of a new non-executive director at the AGM. Mr. Sun Zhongwen (‘Mr. Sun’) plans to resign as Supervisor prior to expiry of his term of appointment. Since Mr. Sun has reached the age of retirement, he will resign upon passing of the appointment of a new Supervisor at the AGM. The board proposed to appoint Mr. Xia Hui (‘Mr. Xia’) as a non-executive director for a term of three years, with immediate effect from passing of the ordinary resolution approving the appointment thereof at the AGM. An ordinary resolution will be proposed at the AGM to appoint Mr. Xia as a non-executive Director. Mr. Xia Hui, graduated from Cheung Kong Graduate School of Business majoring in business administration. He is the executive vice president of Hubei Chamber of Commerce in Shenzhen, the president of Xiangyang Chamber of Commerce in Shenzhen, the vice president of Cheung Kong Graduate School of Business Shenzhen Alumni Association and the 13th CPPCC member of Xiangyang City, Hubei Province, and is recognized as Shenzhen High-tech High-level Professional and Leading Talent. The Company proposes to appoint Mr. Xia as a non-executive Director for a term of three years, with effect from the date of AGM. Upon approval by Shareholders at the AGM, his emoluments will be determined by the Board with reference to his responsibilities and performance of duties to the company. The Board proposes to appoint Mr. Lei Zhiwei (‘Mr. Lei’) as a Supervisor for a term of three years, with immediate effect from passing of the ordinary resolution approving the appointment thereof at the AGM. An ordinary resolution will be proposed at the AGM to appoint Mr. Lei as a Supervisor. Since 1990, he has served as the Survey and Statistics Department Head and Office Director of People’s Bank of China Shenzhen Branch, the Assistant President of Shenzhen Development Bank Head Office, the Assistant President of China CITIC Bank Head Office, the Vice President of Ping An Bank Head Office, the President and Deputy Secretary of the Party Committee of Huarong Xiangjiang Bank Head Office, the Chairman and Party Committee Secretary of Huarong (HK) International Holdings Limited, the Chairman and Party Committee Secretary of Huarong Qianhai Wealth Management Co. Ltd., the Chairman of Shenzhen Qianhai Juntai Investment Co. Ltd., the Chairman of Shenzhen Dongyin Financial Holdings Co. Ltd., and the Chairman and Deputy Secretary of the Party Committee of Hubei Hongtai Financial Investment Holdings Co. Ltd.