The board of directors of AAC Technologies Holdings Inc. announced that with effect from 24 August 2019, Mr. Pan Kaitai will be appointed as the chief innovation officer of the Company. Mr. Pan joined the Company in March 2014 and since then his responsibilities have expanded from IT to Research and Development and global technology collaborations. Currently, Mr. Pan is in-charge of the Company's IT and the Advanced Technologies Design Group, and involved in related aspects of R&D. It is expected that in his new role, Mr. Pan will drive innovation and focus on developing change competency, getting buy-in, and allocating resources across departments. In addition, together with the other senior management, the new role will empower Mr. Pan to contribute to the development of the long-term lifecycle of new technology investments and devise the roadmap for the Company's future growth strategies.