The board of directors of LongiTech Smart Energy Holding Limited announced the following reorganization to the Board as part of the company's future strategic deployment. The reorganization encompasses executives responsible for the day-to-day operations of the Group be appointed as executive directors and enabling them to lead the group's future development. The Board considers that the reorganization is in the interest of the company and the shareholders as a whole. Mr. Wei Qiang, an executive director and the chief executive officer of the company, will be appointed as the chairman of the Board and chairman of the nomination committee of the Board with effect from June 29, 2017. After this appointment, Mr. Wei Qiang will simultaneously be the chairman of the Board and the chief executive officer of the company. Mr. Wei Shaojun, an executive director and the chairman of the company will resign as the chairman of the company and chairman of the nomination committee of the Board and be re-designated as a non-executive director of the company. Mr. Wei Shaojun joined the company as the Chairman, an executive Director and Chief Executive Officer in January 2015. Mr. Wei resigned as Chief Executive Officer on November 11, 2015. Mr. Wei has approximately 20 years of experiences in real property development business operation and business management. Mr. Li Haichao and Ms. Zhen Xiaojing will resign as executive directors of the company with effect from June 29, 2017 to allow them to devote more of their time on the management and operation of the business of the Longjitaihe Group. The Board announced the appointment of Mr. Wang Hui and Dr. Liu Zhengang as executive directors of the company with effect from June 29, 2017. Mr. Wang Hui is currently the chief financial officer of the company. Mr. Wang joined the company in October 2015. Mr. Wang has over 12 years of experience in the capital market, corporate finance and bank financing in Hong Kong and Mainland China. Prior to joining the company, Mr. Wang served in various financial institutions including Standard Chartered Bank, UBS, Credit Suisse and China International Capital Corporation where he executed transactions on initial public offering, merger and acquisition, overseas bond offering and overseas bank financing. Dr. Liu Zhengang joined the company as the operations vice president in November 2015. He is primarily responsible for business plans, market research, technology development and resource-pooling of the company's smart energy business. Dr. Liu has over 13 years of experience in optoelectronic technology and quality management and the design, construction, operation and maintenance management of photovoltaic power plants. Dr. Liu joined Lightway Company in June 2012 and was appointed as vice president of operations. Following the above reorganisation, the authorized representatives of the company for the purpose of Rule 3.05 of the Listing Rules will be changed from Mr. Wei Shaojun and Ms. Zhen Xiaojing to Mr. Wei Qiang, an executive director, and Ms. Zou Yanhong, the joint company secretary of the company.