Suncorp Technologies Ltd. announced that Ms. Xiao Yanni has resigned from her position as an Executive Director of the company and Mr. Xiao Qingmin has been appointed as an Executive Director of the company, effective December 5, 2012. Mr. Xiao Qingmin, has over 10 years of experience in the electronic industry. Mr. Xiao is currently a marketing director in a medium-sized electronics company in the People's Republic of China.

Mr. Xiao had extensive experience in sales and marketing and had held management roles in electronic companies, and has an established network of relationship with business operators in the above industry in the PRC.