Effective as of July 7, 2020, pursuant to the resolutions of the Board of Directors of the Hollysys Automation Technologies Ltd., Mr. Baiqing Shao was removed from his positions as the Chief Executive Officer of the company. Mr. Chit Nim (Colin) Sung, current director and Chair of the Audit Committee Board, was elected as the Chief Executive Officer of the Company. In connection with his appointment as the Company’s Chief Executive Officer, Mr. Chit Nim (Colin) Sung resigned from his positions as a member and chair of the Audit Committee and a member of each of the Compensation Committee and the Nominating Committee.