The board of directors of KuangChi Science Limited announced that, with effect from 1 February 2017, Mr. Dorian Barak has been appointed as an executive director of the company and Mr. Song Dawei has been appointed as a non-executive director of the company. Mr. Barak is a veteran private equity investor and fund manager specializing in emerging markets. He serves on the boards of companies active in the technology, aviation and natural resources sectors in Israel, China and Africa. Mr. Barak is CEO of Indigo Global, which advises leading companies and funds on strategy and investment transactions. Mr. Barak will hold office until the next annual general meeting of the company after his appointment and shall be subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company. Mr. Song Dawei, aged 49, is a professional with extensive experience in the fields of automotive, electronic technology and communications.