TIDMBNN

RNS Number : 7682Q

BNN Technology PLC

02 December 2016

2(nd) December 2016

BNN Technology plc

("BNN Technology" or the "Company")

Non-Executive Director Retirement

BNN Technology plc (AIM: BNN), the London-listed Chinese technology, content and services company, today announces that Robert Lerwill has retired from his position as Non-Executive Director for personal reasons.

Robert joined the Board in May 2014, prior to the Company's IPO, and has overseen significant changes at BNN Technology. The Company is already well advanced in the process of appointing Robert's replacement, as Non-Executive Director and Chairman of the Audit Committee.

Lord Mancroft, Non-Executive Chairman, said:

"I would like to thank Robert for the major contribution he has made to BNN Technology since his appointment. His counsel has proved invaluable to the Board throughout his tenure."

Darren Mercer, Chief Executive Officer, said:

"Since joining the Board over 2 years ago, the Company has seen a major shift of its business strategy and focus, and I would like to thank Robert for his valuable support in helping guide the Board with key regulatory and compliance matters. I wish Robert a very happy and enjoyable retirement."

For further information, please contact:

 
 BNN Technology 
  Scott Kennedy, Chief Financial 
  Officer 
  Strand Hanson Limited (Nominated    +44 (0)156 587 2990 
  Adviser)                             +44 (0) 20 7409 
  Andrew Emmott / Ritchie Balmer       3494 
  Brunswick Group                      +44 (0)207 404 5959 
 Brian Buckley / Diana Vaughton

About the Group

BNN Technology plc is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.

Listed on AIM since 2014, the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and, developing digital content, both online and mobile. Through its partnership with Xinhuatong, BNN facilitates mobile payments and other key services on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.

The Group employs nearly 300 professionals throughout China

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 02, 2016 02:02 ET (07:02 GMT)

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