Change of CEO - Computime is Unfolding a New Chapter

HONG KONG,March 27,2020 -- The board of directors (the "Board") of Computime Group Limited ("Computime" or the "Company",together with its subsidiaries the "Group",stock code: 320.HK) announces that Mr. AUYANG Pak Hong Bernard ("Mr. Bernard AUYANG"),a Non-executive Director of the Company,has been re-designated as an Executive Director and the Chief Executive Officer,succeeding Dr. OWYANG King with effect from 1st April 2020. This announcement represents the Group's ongoing and thoughtful planning in management organization,which ensures a smooth transition for Computime as the Company continues to deliver specialized and innovated solutions in the electronics manufacturing and Internet of Things service space. Dr. OWYANG King will remain as an Executive Director as a result of the transition,and will allow the Company to continue to benefit from his expertise in research and development.

Mr. Bernard AUYANG,aged 52,has over 28 years of experience in general management and the corporate industry. He was in his latest position as an Executive Director and the Chief Executive Officer with the Company between October 2006,the time of successful listing,and October 2009,later deciding to pursue other ventures. After,he has been the Chairman of Vida Nova Ventures,a Hong Kong based investment firm,since 2009,and the Chief Executive Officer of Altis Zenus Group,a brand and technology company focusing on innovative communication and outdoor products since 2016. Mr. Bernard AUYANG was also a recipient of the Young Industrialist Awards of Hong Kong in 1999,and was named the Hong Kong Young Industrial Ambassador in 2002. He remains as part of several prestigious academic bodies including the court member of the Hong Kong University of Science and Technology,and a member of the committee of Overseers of Wu Yee Sun College of The Chinese University of Hong Kong.

"I am very proud of the accomplishments made by Computime,and leading it as its Chief Executive Officer has been an honour and privilege," said Dr. OWYANG King. "Bernard is a highly-dedicated and talented leader,with a wealth of experience in the consumer electronics sector regarding branding and product enhancement. I am very confident that the Company is in good hands and I look forward to working with him closely in my new position as Bernard leads Computime to even greater heights."

Mr. Bernard AUYANG said,"I am deeply honoured and humbled to have been selected as the next Chief Executive Officer of Computime and I look forward to working closely with Dr. King,the Board,and the Company's truly-exceptional staff to continue on bringing Computime to the global stage. I hope my expertise would help in identifying the latest market trends and tapping into new geographical markets through our growing and diversifying product portfolio,eventually delivering sustainable values to our shareholders. I am grateful for Dr. King's contributions to the Company and I have no doubt that he will continue to leverage his expertise in technology and product development as part of the Group's mission to deliver quality manufacturing and design solutions to our customers."

After the re-designation,Mr. Bernard AUYANG would be responsible for corporate strategy planning,business development,corporate decision making,and general management of the Group. Meanwhile,Dr. OWYANG King will continue to dedicate his resources and time,focusing on the research and development of future technologies.The Group and the Board would like to take this opportunity to welcome Mr. Bernard AUYANG on board,and to express their sincere gratitude to Dr. OWYANG King for his valuable efforts and contributions to the Group during his tenure of service as the Chief Executive Officer.

About Computime Group Limited

Computime Group Limited is a specialist in design,manufacturing and Internet of Things solutions in the electronics manufacturing services space,offering customized,turnkey design and manufacturing solutions to its established and diversified list of clients. Through bespoke IP and sophisticated research and development capabilities,the Group has also launched its own line of proprietary products under the brand SALUS in the European and North American markets.