Hollysys Automation Technologies, Ltd. announced that Dr. Changli Wang resigned from his positions of the Chairman and Chief Executive Officer of the company, and spend more time and efforts on the company's international business and will stay on the position of the President of Hollysys International Pte. Ltd. Dr. Jianfeng He, the Chief Operating Officer of the company has been elected as the Chairman of the Board, and Mr. Baiqing Shao, Senior Vice President, Business Development of the company as the Chief Executive Officer of the company on a Board Meeting held on November 30, 2013, and effective immediately after the Board resolution. Dr. Jianfeng He joined Hollysys in 1997, serving the company for 16 years, and served as the General Manager of Hollysys Group since 2010.

Before that, he was the general manager of Beijing Hollysys from 2008 to 2010, and general manager of Hangzhou Hollysys from 2004 to 2008. Mr. Baiqing Shao, the co-founder of the company, participated in the first batch of automation control systems development since the company's inception in 1993, and served various important positions consecutively during the company's development, including core businesses' management, R&D and etc.