The Board of Skyworth Digital Holdings Ltd. announced that Mr. Lai Weide was appointed as the Chairman of the Board and an executive Director of the company with effect from July 8, 2016; Ms. Lin Wei Ping has ceased to be the Chairman of the Board with effect from July 8, 2016. Mr. Lai has served as deputy director-general and director-general of the Ministry of Machine-Building and Electronics Industry of The People's Republic of China; deputy head and head of the Assets and Finance Department of China Electronic Corporation; and general manager of Nanjing Electronic Information Industrial Corporation, etc. Mr. Lai was the chairman and executive director of Nanjing Panda Electronics Company Limited, the chairman of Nanjing Huadong Electronics Information & Technology Company Limited; a deputy general manager of CEC, the chairman of NEIIC, the chairman of Panda Electronic Group Limited and the chairman of Caihong Group Corporation.