The board of Directors of Solomon Systech (International) Limited announced that Mr. Li Rongxin has tendered his resignation from the positions of the Chairman of the Board, a Non- executive Director, a member of the nomination committee and the investment committee of the company with effect from May 28, 2019, in order to devote more time on his other business commitments and personal pursuits. The Board announce that Mr. Ma Yuchuan has been appointed as the Chairman of the Board with effect from May 28, 2019. Mr. Ma Yuchuan is currently a Non-executive Director, a member of the audit committee and a member of the remuneration committee of the company. Mr. Ma graduated from Zhejiang University with a bachelor's degree in semiconductor physics and devices. Mr. Ma is currently a director of Shanghai Belling Co. Ltd., a director of CEC Huada International Co. Ltd. and a director of Nanjing Micro One Electronics Inc. Mr. Ma is also the vice general manager of Huada Semiconductors Co. Ltd., a substantial shareholder of the company.