The board of Q Technology (Group) Company Limited announced that with effect from 8 July 2016, Mr. Yang Peikun has resigned as an executive Director and the chief executive officer of the Company due to his personal affairs, Mr. Hu Sanmu has been appointed as an executive Director, Mr. Wang Jianqiang, an executive Director, has been re-designated from the position of chief financial officer of the Company to chief executive officer of the Company, and Mr. Fan Fuqiang has been appointed as the chief financial officer of the Company. Mr. Hu is currently the vice president of sales of the Group. He is primarily responsible for the expansion of sales network and maintenance of relationship with customers.

Mr. Hu has been a director of Kunshan QT China since June 2014. Prior to joining the Group, Mr. Hu held various positions in VTech (Shenzhen) Electronic Limited. Mr. Wang, was appointed as a Director on 5 May 2014 and was re-designated as an executive Director on 13 November 2014.

Prior to joining the Group, Mr. Wang served as a supervisor of the quality assurance department of SAE Magnetics. From August 1998 to January 2005, he served as the sales assistant manager of the Shenzhen office of Samsung Electro-Mechanics (H.K.) Limited. Mr. Fan, is one of the joint company secretaries of the Company.

Mr. Fan is primarily responsible for legal compliance matters and risk control. Prior to joining the Group, Mr. Fan held various positions in Heyuan branch of the Bank of China.