Hollysys Automation Technologies Ltd. announced that effective as of January 1, 2022, pursuant to the resolutions of the Board of Directors of the Company, Mr. Chit Nim (Colin) Sung resigned from his positions as the director of the board and Chief Executive Officer of the company. Dr. Changli Wang, who was the founder of the Company, was nominated as the director of the board and was appointed as the Chief Executive Officer of the Company. In connection with this, Mr. Chit Nim (Colin) Sung was appointed as the deputy Chief Executive Officer of the company.