The board of directors of Ju Teng International Holdings Limited announced that each of Mr. Cheng Li-Yen (‘Mr. Cheng'), Mr. Hsieh Wan-Fu (‘Mr. Hsieh') and Mr. Lo Jung-Te (‘Mr. Lo') has resigned as executive Director with effect from 1 March 2017 as they would like to focus their operational roles in the Group and their current roles in certain subsidiaries of the Group. Following the resignation, Mr. Cheng will continue to be responsible for the Group's overall management of resource planning, as well as plant expansion, development and construction; Mr. Hsieh will continue to be responsible for the establishment of quality control system, supervision of the Group's production in spray painting, development of new technology in dust-free spray painting and promotion of the application of relevant technology in dust-free spray painting to the customers; and Mr. Lo will continue to be responsible for the supervision of the manufacture and development of the Group's automatic moulding, assisting with the Group's improvement in manufacturing technology of injection moulding development, expansion of new markets and product design of non-notebook computer casing. Following the resignation of Mr. Cheng, Mr. Hsieh and Mr. Lo, the board announced that with effect from 1 March 2017: Mr. Chiu Hui-Chin (‘Mr. Chiu') has been appointed as an executive Director and Chief Executive Officer of the company; and Mr. Lin Feng-Chieh (‘Mr. Lin') has been appointed as an executive Director.

Accordingly, prior to the appointment of Mr. Chiu as the Chief Executive Officer of the Company, the company has not appointed any chief executive officer. As the board would like Mr. Cheng Li-Yu, an executive Director and Chairman of the Company, to focus on his role for the Group's overall strategy planning, forecast and analysis of market trend and establishment of the Group's future development direction, Mr. Chiu was appointed as the Chief Executive Officer of the Company to be responsible for the overall operation management of the Group. Mr. Chiu He has more than 30 years of experience in notebook computer, and electronic products business.

He joined the Group as executive Director and Chief Executive Officer on 1 March 2017, and is responsible for overall operation management of the Group. Prior to joining the Group, Mr. Chiu was a chief executive officer of Lite-on Technology Corporation until February 2017. Mr. Lin is a vice president of the Group who joined the Group in September 2011.

He worked at Flextronics International Ltd., a computer business group, as a senior director of R & D center of notebook computer from 2007 to 2011, during which he was responsible for the leading and management of the mechanical design team to carry out the development of the notebook computer. He is currently responsible for monitoring the development of new technology-related businesses of the Group. The board further announced that Mr. Tsui Yung Kwok (‘Mr. Tsui'), an executive Director and Chief Financial Officer of the Group, has resigned as the Company Secretary of the Company with effect from 1 March 2017 because he would like to focus his roles as executive Director and Chief Financial Officer of the Group.

Following the resignation of Mr. Tsui as the Company Secretary, the board announced that Mr. Leung Ka Shing (‘Mr. Leung') has been appointed as the Company Secretary with effect from 1 March 2017. Mr. Leung is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Leung joined the Group in November 2016 as Finance Manager.

Prior to joining the Company, he served as Company Secretary of Artini China Co. Ltd. He has over seven years in accounting, auditing and corporate governance.