The Board of Launch Tech Company Ltd. announced that Dr. Zou Shulin resigned pursuant to the company's articles of association. Since Mr. Zou plans to leave the country for a period of time, and due to his other business engagements which requires more of his dedication, he ceased to be a Director at the conclusion of the AGM held on June 15, 2015. Following his resignation, Dr. Zou also ceased to be a member of the audit committee, a member of remuneration and assessment committee and chairman of nomination committee of the company.

Mr. Ning Bo has been appointed as an independent non-executive Director, a member of the audit committee, a member of remuneration and assessment committee and chairman of nomination committee of the Company with effect from June 15, 2015 immediately after the conclusion of the AGM. Mr. Ning Bo from 2009 to 2014, worked in Shenzhen Shanghai Pudong Development Bank as the deputy general manager of the first business department and vice president of Xinzhou branch. Since 2014, Mr. Ning has been the general manager of Shenzhen Zhongzheng Hengshi Investment Co.

Ltd. Upon the appointment as an independent non-executive Director, Mr. Ning will hold office for a term of three years from the date of the AGM until the date of the annual general meeting of the company for the year of 2018.