On August 17, 2016, SemiLEDs Corporation appointed Dr. Chiou as a director of the company, as the Company has received the second installment of the $2,885,000 purchase price from Well Thrive. As part of the investment discussed in Item 1.01, the company's Board of Directors agreed to appoint a representative of Well Thrive to fill the vacancy on the Company's Board of Directors. Dr. Chiou has also been named to the Audit Committee. Dr. Chiou is a technologist who has more than 25 years experience in the telecom, datacom and satcom industries. He was the system architect who led the design team that designed the JetBlue in-flight Wi-Fi services through Ka band Satellite. His past experiences include NASA, FAA, SPRINT, AT&T and MOEA of Taiwan.