AMAX-KY Announces Change in General Manager for Important Subsidiary Suzhou Chaoji Information Technology Co., Ltd.

1. Date of Board Resolution or Change: 115/04/08 2. Personnel Category (Please enter Chairman or General Manager): General Manager 3. Former Personnel Name: Chen Yanlin 4. Brief Biography of Former Personnel: General Manager of Suzhou Chaoji Information Technology Co., Ltd. 5. New Personnel Name: To be appointed 6. Brief Biography of New Personnel: To be appointed 7. Circumstances of Change (Please enter 'Resignation', 'Dismissal', 'Term Expiration', 'Position Adjustment', 'Redundancy', 'Retirement', 'Death', or 'New Appointment'): Resignation 8. Reason for Change: Resignation 9. Effective Date of New Appointment: Not applicable 10. Other Matters to be Notified (If the subject of the event or resolution is a publicly issued company, this major information also meets the requirements of Article 7, Paragraph 6 of the Enforcement Rules of the Securities Transaction Act regarding matters that have a significant impact on shareholder rights or securities prices): The position of General Manager will be temporarily filled by the Vice President of Sales and Marketing for China, Liao Zhiguo. A new appointee will be announced separately after the board's appointment.