The board of directors of Powerleader Science & Technology Group Limited announced that Mr. Xu Yueming tendered his resignation as the company secretary, the vice president and the chief financial officer of the company with effect from 29 May 2015 due to job transfer. The Board also announced that Mr. Ma Zhumao, the executive director of the company, has been appointed to fill the position of authorized representative of the company with effect from 29 May 2015.