Technovator International Limited's board announced that Dr. Li Jisheng has tendered his resignation as a non-executive director of the company due to personal reasons and Mr. Fan Xin has been appointed as a non-executive director of the company, both with effect from March 31, 2014. Dr. Li Jisheng has confirmed that he has no disagreement with the Board and there are no matters with regard to his resignation which need to be brought to the attention of the shareholders of the company. Fan Xin is the president of Tsinghua Tongfang Co.

Ltd. From 2001 to 2012, Mr. Fan Xin was the general manager of Tongfang Artificial Environment Co. Ltd. Fan Xin was the vice president of Tongfang in 2012 and was promoted as the president of Tongfang in 2013.