The board of directors of TPV Technology Limited announced that Mr. Jun Nakagome resigned from his position as a non-executive director and a member of each of the Investment Committee and Information Disclosure Committee of the company with effect from 1 April 2014 due to his other business commitments. Mr. Nakagome has confirmed that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board further announced the appointment of Mr. Hideki Noda as a non-executive director and a member of each of the Investment Committee and Information Disclosure Committee of the company with effect from 1 April 2014.

Currently, Mr. Noda is the general manager of IT Service Business Division, Innovation & Corporate Development Business Unit of Mitsui, a substantial shareholder of the Company within the meaning of part XV of the Securities and Futures Ordinance.