The board of directors of Sino-i Technology Ltd. announced that Mr. Wang Gang (Wang), an executive director, will be re-designated as a non-executive director with effect from 28 May 2012. Wang resigned all his positions in the company and its all subsidiaries with effect from May 28, 2012. Prior to joining the Group, Mr. Wang worked in the headquarters of China Agricultural Bank for many years, and was appointed as a general manager working in the bank's branch office in Singapore.