EMC Greater China President Mr. Denis Shing Fai Yip Joins DC Holdings to Drive DC's Strategic Transformation to Big Data Technology

HONG KONG, March 29, 2017 /PRNewswire/ -- The board of directors (the "Board") of Digital China Holdings Limited (the "Company") is pleased to announce that with effect from 1 May 2017, Mr.  Denis Shing Fai Yip ("Mr. Yip") will be appointed as a Chief Executive Officer of the Company.

Mr. Yip has over 26 years of worldwide industry experience in information management, software and global sales and services.  Mr. Yip holds a Bachelor of Science and Master of Science degrees in Electrical Engineering and Computer Science from University of California, Berkeley. He also holds an MBA degree from Golden Gate University.  Mr. Yip has been the Global Senior Vice President and the President of Greater China of EMC Corporation ("EMC") since July 2006, and was in charge of the overall business operations in mainland China, Hong Kong and Taiwan. Over the tenure of his EMC career, he has grown the business more than 8 times.  Upon the merger of Dell Inc. ("DELL") and EMC, Mr. Yip continued to be appointed as the Global Senior Vice President of DELL and the President of Greater China of EMC. He was also a key member in the integration of DELL and EMC in Greater China region.

From January 1999 to July 2006, Mr. Yip held a variety of senior management positions at IBM, including Global Vice President, General Manager of the Asia Pacific Storage Division, President of the AS/400 Business in Asia Pacific Region and General Manager of AS/400 and RS/6000 Businesses in Greater China region. Mr. Yip was in charge of various businesses at IBM based in Guangzhou, Beijing, Tokyo and Shanghai, and was at the time the youngest Global Vice President of IBM in 2003.

Upon Mr. Yip's appointment, Digital China Holdings Limited will adopt the dual-CEO system, and Mr. LIN Yang ("Mr. Lin") will continue to serve as Chief Executive Officer and an executive Director of the Company. Mr. Lin and Mr. Yip will work together in focusing on big data and cloud computing technologies and accelerating strategic transition and by integrating them with industries, the Company is aiming to occupy the corresponding industrial application areas with our technologies and gain a leading edge in the coming intelligence world facing the international domain.

The Board would like to express its warmest welcome to Mr. Yip for joining the Company.  The Board believes that the experience that Mr. Yip possesses is essential to the Group's transformation and the future development.

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About Digital China Holdings

Digital China Holdings Limited ("DC Holdings", Stock Code: 0861.HK) was listed on the Main Board of The Stock Exchange of Hong Kong in 2001 following a successful spin-off from the then Legend Group in 2000. It has developed a fund-raising platform across Mainland China, Hong Kong and Taiwan through the following four listed companies – DC Holdings, Digital China Information Service Company Ltd., Digiwin Software Company Ltd., and HC International, Inc. Their combined market capitalization reaches nearly HK$50 billion.

Since its listing 16 years ago, DC Holdings has adhered to the mission of driving the "Digitalization in China". The Company cherishes the corporate value of "commitment, passion and innovation". It evolved from China's largest IT product distributor into the largest integrated IT services provider in the country and then the most influential Sm@rt City solutions provider in China. According to its latest development strategy, DC Holdings will capture the opportunities arising from the "Internet +" strategy and leverage on its technological strengths and capital resources to drive breakthroughs in Sm@rt City, precision medicine, agricultural informatization and intelligent manufacturing based on the Cloud computing and Big Data technology. With comprehensive innovation mechanism and multilayer incubation system, the Company is determined to become a genuine innovative enterprise.

For additional information about Digital China, please visit the Group's website at www.dcholdings.com.hk.

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SOURCE Digital China Holdings Limited