The board of directors of China Baoli Technologies Holdings Limited announced that Mr. Zhang Yi has been appointed as executive Director and new chairman of the Board with effect from September 5, 2016. Mr. Zhang has over 15 years of investment experience in the technology field, with the scope of investment spanning across various regions including Canada, the United States of America, Singapore, the Mainland China and Hong Kong. Mr. Zhang is currently the chairman of a private company in the Mainland China which was founded by Mr. Zhang in 2002.