Yucheng Announces Changes to Its Subcommittees of Its Board of Directors

Yucheng Technologies Limited YTEC today announced the changes to its subcommittees of its board of directors. Our board consists of five directors, including Weidong Hong, the Chairman and Chief Executive Officer, Shuo Zeng, Chief Operating Officer, and independent directors Jeffrey R Williams, Li Liao, and Tianqing Chen. The Audit Committee consists of Jeffrey R Williams, the Chairman of the Committee, Li Liao, and Tianqing Chen. The Strategy Committee consists of Weidong Hong, the Chairman of the Committee, Shuo Zeng, Jeffrey R Williams. The Nominating Committee consists of Jeffrey R Williams, the Chairman of the Committee, Li Liao, and Tianqing Chen. The Compensation Committee consists of Jeffrey R Williams, Li Liao, and Tianqing Chen. In addition to the above changes within the board committees, the board is also evaluating the expansion of the board, seeking to add independent directors who will strengthen the corporate governance and add to the business development of the company. During the next several months, the board will be evaluating director candidates and expects to expand the board before year end with additional directors.