The board of directors of LifeTech Scientific Corporation announced that Ms. XIAO Ying ("Ms. Xiao") has resigned as an executive Director with effect from 31 October 2017 in order to devote more time to her other business. Ms. Xiao has confirmed that she has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the company. The Board believes that Ms. Xiao's resignation should not have adverse impact on the operations of the company and its subsidiaries as she will continue to serve as the chief compliance officer and the human resources director of the Group. The Board further announced that following the resignation of Ms. Xiao, Mr. ZHANG Deyuan ("Mr. Zhang") has been appointed as an executive Director with effect from 31 October 2017. Mr. Zhang is currently the Chief Technology Officer principally in charge of research and development of its Group. Mr. Zhang joined the Group in October 2006 as a research and development director and has over 26 years of experience in research and development in materials. From 1981 to 1983, Mr. Zhang served as a technician at the Huainan Coal Mine Machinery Plant of the Formerly Ministry of Coal and was responsible for the technical operation in relation to metal materials.