Technovator International Limited announced that Mr. Fan Xin has resigned as a non-executive Director, the chairman of the Board, a member of the Nomination Committee and a member of the Risk Management Committee with effect from July 15, 2016. The company further announced that Mr. Huang Yu has been appointed as a non-executive Director, the chairman of the Board, a member of the Nomination Committee and a member of the Risk Management Committee with effect from July 15, 2016. Mr. Huang Yu was appointed as a non-executive Director and the chairman of the Board of the company on July 15, 2016. He is also the chairman of the board of directors of Shenzhen Huakong Seg Co., Ltd, the senior vice president of Tsinghua Holdings Co., Ltd, an executive director of Shenzhen Aorongxin Investment Development Co., Ltd, the chairman of the supervisory committee of Penghua Fund Management Co., Ltd, the vice chairman of the board of directors and chief executive officer of Tongfang Co., Ltd, an executive director and the chairman of the board of directors of Allied Cement Holdings Limited and a non-executive director and the chairman of the board of directors of Neo-Neon Holdings Limited.