The board of directors of Wai Chi Holdings Company Limited has approved the appointment of Mr. Peng Jian as an executive Director of the company with effect from 25 November 2015. Mr. Peng is responsible for market development in respect of the application of the company's products in the telecommunication field. Mr. Peng has over 20 years of working experience in the fields of automotive, telecommunication, consumable electronic products, finance and investment.

From September 2013 to June 2015, he served as executive general manager of the Marketing Department in China Innovative Capital Management Limited during which he accumulated experience in relation to financial investment.