The board of directors of KuangChi Science Limited announced that Dr. Luan Lin has been appointed as the co-chief executive officer of the company, with effect from May 23, 2016. Dr. Luan, together with Dr. Zhang Yangyang, an executive director and current chief executive officer of the company, will act as co-chief executive officers of the company and are responsible together for the Group's overall business development, operation and management. Dr. Luan acted as the chief technology officer and executive director of the company before the appointment, responsible for the technology research and development of the company's in-depth space products. Dr. Luan joined the Group in August 2014, and has been appointed as the vice president of Kuang-Chi Institute of Advanced Technology since 2010.