O-Net Technologies (Group) Limited board of directors announced that with effect from 8 January 2018, Mr. Tam Man Chi (Mr. Tam) resigned as a non-executive Director as he would like to spend more time pursuing his own business; and Mr. Mo Shangyun (Mr. Mo) has been appointed as a non-executive Director. Mr. Tam confirmed that he has no disagreement with the Board or the company and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. Mr. Mo is currently the vice president and CFO of Shenzhen Kaifa Technology Co. Ltd., and chairman of the board of directors or director of certain subsidiaries of Shenzhen Kaifa Technology. Mr. Mo previously worked as a senior manager at the Finance Department of Shenzhen Kaifa Technology and in October 2004, he became the chief financial controller of Shenzhen Kaifa Technology. The Board further announces that with effect from 8 January 2018 Mr. Tam Man Chi ceased to be a member of each of the Remuneration Committee and the nomination committee (the Nomination Committee) of the company following his resignation; and Mr. Huang Bin, a non-executive Director, has been appointed as a member of each of the Remuneration Committee and the Nomination Committee.