The board of directors of Sino-Tech International Holdings Limited announced that Mr. Li Weimin has resigned as the chairman of the company and an executive Director with effect from 26 February 2016 in order to devote more of his time to his own private business engagements that require his personal commitment which was not anticipated at the time of his appointment as an executive Director and the Chairman. The Board announced that Mr. Wang Zhaofeng an executive Director, has been appointed as the Chairman with effect from 26 February 2016. Mr. Wang joined the Company as an executive Director on 10 July 2013.