The Board of SMI Holdings Group Limited announced that Mr. Kenneth Jack SHANG, an existing Executive Director has been appointed as the Chairman of the Board, with effect from 19 February 2020. Mr. Shang is currently the General Manager of Ningbo Sunlight Electronics Co Ltd. and the Managing Director of Global Innovation Wisdom Capital Limited. The Board also announced that Mr. Zhang Yong, an existing Executive Director has been appointed as the Chief Executive Officer of the company, with effect from 19 February 2020.