The board of directors of Beautiful China Holdings Company Limited announced that with effect from 3 July 2018, Mr. Chan Ying Kay has resigned as the chief financial officer of the company due to his health condition. Mr. Chan will remain as the company secretary of the company. The Board announced that Mr. Wang Yongzhi has been appointed as the Chief Financial Officer with effect from 3 July 2018. Mr. Wang, aged 39, is responsible for the financial management, tax, treasury and corporate finance of the Company and its subsidiaries. Mr. Wang has over 14 years of experience in internal auditing, accounting and corporate finance. Prior to joining the Group, Mr. Wang acted as the financial manager of China Construction Real Estate (Liaoning) Properties Company Limited.