The board of directors of Wasion Group Holdings Limited announced the retirement of Mr. Pan Yuan as an independent non-executive director of the company, with effect from the conclusion of the annual general meeting held on 16 May 2016, and the election of Mr. Luan Wenpeng as an independent non-executive director of the company, with effect from 16 May 2016. Mr. Luan Wenpeng is a PEng in British Columbia, Canada, a senior member of IEEE and a member of CIGRE. Mr. Luan is currently a chief expert in smart metering of the China Electric Power Research Institute, the chairman of the IEEE working group for micro-grids planning and design (IEEE 2030.9 WG), who acts as a technical expert in numerous international professional organizations on behalf of Chinese authorities.