The board of directors of Tesson Holdings Limited announced that with effect from 1 February 2018, Mr. Chen Weixi has resigned from the position of chief executive officer of the company in order to devote more time to his other business engagements. Following the resignation of Mr. Chen Weixi as the CEO, Mr. Sheng Siguang an executive director of the Company, has been appointed as the CEO with effect from 8 February 2018. Mr. Sheng Siguang, aged 45, was appointed as an executive director of the Company on 8 March 2016. Mr. Sheng also holds directorships in certain subsidiaries of the Company. Mr. Sheng was also in charge of the lithium ion motive battery business of the Group.