Brite Semiconductor Appoints Dr. John Zhuang as Acting Chief Executive Officer

Shanghai, China — September 3, 2018 -- Brite Semiconductor (“Brite”), a world-leading ASIC design service and DDR controller/PHY IP provider headquartered in Shanghai, China, today announced the resignation of Mr. Thomas Xu as Chief Executive Officer (“CEO”) due to personal reasons, and the appointment of Dr. John Zhuang as Acting CEO.

Dr. John Zhuang joined Brite Semiconductor in 2013 and is currently serving as Chief Technology Officer (“CTO”). Dr. Zhuang has over 20 years’ experience in ASIC design, project management and company operation. He has served Texas Instruments, Conexant, SimpleTech and Broadcom Corporation in US. Prior joining Brite Semiconductor, he co-founded Novel Data Solutions Corporation in Suzhou and served as CTO. Dr. Zhuang was graduated from Tsinghua University with B.S. and M.S. degrees in the field of Electronic Engineering. He also studied in the Department of Electrical Engineering, Johns Hopkins University and received M.S. degree, and Department of Electrical Engineering, University of California at Irvine and received Ph.D. degree.

Dr. Haijun Zhao, Chairman of Brite, Co-CEO and Executive Director of SMIC said, “It is my pleasure to announce that Dr. John Zhuang has been appointed as Acting CEO of Brite Semiconductor by the Board of Directors. Also, I would like to express my sincere appreciation to Mr. Thomas Xu for his contribution to the company. Brite Semiconductor will continue to maintain the closed relationship with SMIC and to improve the operation and management for company’s performance and growth.”

Dr. John Zhuang, Acting CEO of Brite said, “I am greatly honored to be given this opportunity to lead the team of Brite Semiconductor to move on, and allow me to extend my sincere thanks to Dr.Zhao and the Board for their trust. I look forward to working closely with the Board of Directors and the management team to drive the company to a new paradigm. With the strong support of management team, I am fully confident of the Company's future prospects.”

About Brite Semiconductor

Brite Semiconductor is a world-leading ASIC design solution provider and DDR controller/PHY provider, targeting at ULSI ASIC/SoC chip design on SMIC advanced 55nm/40nm/28nm process technology and turn-Key solutions. Brite Semiconductor provides flexible one-stop services from RTL/netlist to chip delivery, and seamless, cost effective, and low-risk solutions to customers.

Brite Semiconductor was founded in 2008 by venture capital firms from China and abroad, and collaborated with Semiconductor Manufacturing International Corporation (SMIC) as strategic partners in 2010. Headquarter in Shanghai, Brite has two subsidiaries, Beijing Brite IP and Hefei Brite Technology, and has set up offices in US, Europe, Japan and Taiwan to provide services to customers.