The board of directors of Ko Yo Chemical (Group) Limited announced that due to the change in management structure of the company, effective 1 May 2017, Mr. Yuan Bai will resigned as chief executive officer of the company and will continue to serve as executive director of the company. Mr. Li Ciping will be appointed as chief executive officer of the company. Mr. Li Ciping is the executive vice president of the Group and general manager of Sichuan Ko Yo Agrochem Co. Ltd.