The board of directors Tonly Electronics Holdings Limited announced that Mr. YUAN Bing has resigned as the chairman of the Board, a non-executive Director, the chairman of the nomination committee and a member of the remuneration committee of the company; and Mr. LIAO Qian has been appointed as the Chairman, a non- executive Director, the chairman of the Nomination Committee and a member of the Remuneration Committee. These changes were effective from January 01, 2017. Mr. Liao, is currently the secretary of the board of directors and the vice chairman of investor relations committee of TCL Corporation.