The board of directors of Wasion Group Holdings Limited announced the resignation of Mr. Wang Xue Xin and Ms. Li Hong as executive directors of the Company with effect from January 26, 2017 to allow them to devote more of their time on the management and operation of the Group's data collection terminal, water, gas and heat meter business. The Board announced the appointment of Mr. Tian Zhongping as an executive director of the Company with effect from January 26, 2017. Mr. Tian Zhongping, age 37, is currently the Vice President and General Manager of the Overseas Sales Department of the Group.