Launch Tech Company Limited announced that Mr. Liu Jun has resigned as the chief executive officer of the Company with effect from 28 January 2022. The Board announced that Mr. Liu Xin, an executive Director and the Chairman of the Board, has been appointed as the chief executive officer of the Company with effect from 28 January 2022 in place of Mr. Liu Jun. Mr. Liu Xin, also known as Louis Liu, aged 53, executive Director and chairman of the Board.

Mr. Liu Xin is the founder of the Company and has over 20 years of experience in corporate management, business development, product development and marketing in the computer and automotive diagnostic and testing industries. He is currently the vice chairman of China Automotive Maintenance and Repair Trade Association.