The board of directors of China Baoli Technologies Holdings Limited announced that Mr. Yeung Chun Wai, Anthony, an executive Director, has been appointed as the chairman of the Board and Ms. Chu Wei Ning, an executive Director and an authorised representative of the Company, has been appointed as the chief executive officer of the Company, both with effect from 27 June 2016. Ms. Chu Wei Ning, was appointed as an executive Director on 8 July 2015. She is also an authorised representative of the Company and a director of various subsidiaries of the Group.

Ms. Chu is currently responsible for the strategic investment and business development of the Company. Ms. Chu has been a veteran investment banker and venture capital investment professional with over 15 years of experience. Prior to joining the Company, Ms. Chu has been a founding member and the managing director of a private investment fund which focused on investments in telecommunications, media and technology.