Sino-Tech International Holdings Limited announced that Mr. Lim Chuan Yang was not re-elected as a Director at the annual general meeting of the company on 9 June 2014, he ceased to be a member of the nomination committee of the Board and one of the authorized representatives of the company. The board also announced that Mr. Wang Zhaofeng, an executive Director has been appointed as a member of the nomination committee and an authorized representative of the company with effect from 16 June 2014. In addition Mr. Lim was not-relected as a Director at the AGM on June 9, 2014, the board resolved that Mr. Lim should step down as the chief executive officer of the company and a director of certain group companies at the subsidiary level with effect from 16 June 2014.