The board of directors of Century Sage Scientific Holdings Limited announced that with effect from 12 March 2017, Mr. Wong Kwok Fai will be appointed as an executive Director and a member of the Investment Committee. Mr. Wong is currently the Chief Solutions Officer of the Product and Application Development Centre of the Group and the president of Times Sage (Beijing) Tech Company Limited. He is primarily responsible for facilitating the development of any new and advanced product media solutions, the business operation and management of TST (Beijing). Mr. Wong has over 15 years of experience in the All-Media industry. The Board also announced that with effect from 12 March 2017, each of Mr. Zhou Jue, Mr. Sun Qingjun, Mr. Huang He and Mr. Geng Liang will cease to be an executive Director and a member of the investment committee of the company in order to devote more time for the management of certain subsidiaries of the Group. Mr. Zhou Jue, Mr. Sun Qingjun, Mr. Huang He and Mr. Geng Liang will continue to serve the Group by taking other management positions.