The board of directors of Neo-Neon Holdings Limited announced that Mr. Huang Yu (Mr. Huang) has resigned as a non-executive Director, the chairman of the Board, the chairman and a member of the Nomination Committee, a member of the Remuneration Committee and the Risk Management and Regulatory Compliance Committee with effect from 9 January 2020 for personal reasons. The Board further announced that Mr. Wang Liang Hai (Mr. Wang) has resigned as a non-executive Director and a member of the Risk Management and Regulatory Compliance Committee with effect from 9 January 2020 in order to devote more time to his other business and professional endeavours. The Board further announced that Mr. Liu Wei Dong (Mr. Liu) has resigned as a non- executive Director and a member of the Risk Management and Regulatory Compliance Committee with effect from 9 January 2020 in order to devote more time to his other business and professional endeavours.

The Board also announced that Mr. Gao Zhi (Mr. Gao) has been appointed as an executive Director, a member of the Risk Management and Regulatory Compliance Committee, the president and chief executive officer of the Company with effect from 9 January 2020. He is responsible for managing the businesses of all of the subsidiaries of the Company in Mainland China, Hong Kong and overseas. Mr. Gao is currently the deputy president of Tsinghua Tongfang Co.

Ltd. and has held various positions with the company since 1997 including assistant president, general manager of the operation center and the department of business administration, deputy general manager of sales center and applied information system headquarter. Prior to that, he was a manager at the production department of TsingHua TongFang Artificial Environment Co. Ltd. The Board also announced that Mr. Zhou Hai Ying (Mr. Zhou) has been appointed as a non-executive Director and a member of Risk Management and Regulatory Compliance Committee with effect from 9 January 2020.

Mr. Zhou Haiying has been the financial controller of Tsinghua Tongfang Co. Ltd. since January 2018. Prior to that, he was with Tsinghua Holdings Co.

Ltd. between May 2003 and January 2018 and held positions including senior manager and deputy head of the finance department, head and general manager of asset and finance management department, and the assistant to the president. The Board further announced that Mr. Seah Han Leong has been redesignated from an executive Director to a non-executive Director with effect from 9 January 2020. Mr. Seah Han Leong was appointed as an executive Director on 25 August 2014 and redesignated to a non-executive Director on 9 January 2020.

He is also the president of THTF Lighting Group Limited. He is also a founder, an executive director and chief operation officer of Technovator International Limited, and is responsible for the day-today operations and general management of Technovator and its subsidiaries. Mr. Seah ceased to be an executive director of Technovator.

Mr. Seah has tendered his resignation as the authorised representative of the Company as his role has changed from executive Director to non-executive Director, with effect from 9 January 2020. The Board announced that Mr. Gao, being an executive Director, has been appointed as an authorised representative of the Company under Rule 3.05 of the Listing Rules to fill the vacancy arising from the resignation of Mr. Seah with effect from 9 January 2020.