The board of directors of China Display Optoelectronics Technology Holdings Limited announced that Mr. LI Jian, the Chief Executive Officer and an executive director of the company has been appointed as alternate director to Mr. LIAO Qian, the Chairman and a non-executive director of the company, with effect from 25 April 2017. Mr. Li, being an alternate director, is not appointed for a specific term. In accordance with the bye-laws of the company, Mr. Li will cease to be an alternate director to Mr. Liao upon Mr. Liao revoking Mr. Li's appointment or Mr. Liao ceasing to be a director of the company. There is no service agreement between Mr. Li and the Company with respect to his appointment as alternate director to Mr. Liao. As an alternate director to Mr. Liao, Mr. Li will not receive any remuneration from the company.