The board of directors of Sino-i Technology Limited announced that Mr. Xiao Sui Ning has been appointed as an independent non-executive director, the chairman of the remuneration committee, and a member of each of the audit committee and the nomination committee of the Company, all with effect from 27 April 2016. Mr. Xiao, aged 68, is currently a consultant of Ping An Bank Co. Ltd. (the securities of which are listed on the Shenzhen Stock Exchange), an independent director of Beijing SPC Environment Protection Tech Co.

Ltd., an independent director of Zhongrun Resources Investment Corporation and an independent non-executive director of Haitong Securities Co. Ltd.