The Board of China Demeter Financial Investments Limited announced that Mr. Wang Jianye has been appointed as an executive Director of the Company and Dr. Zhang has been appointed as an independent non-executive Director, the chairman of the remuneration committee, the chairman of the nomination committee and a member of the audit committee of the Company, with effect from 25 June 2018. Mr. Wang also served China Second Metallurgical Group Co. Ltd. from 2001 to 2004 and was involved in and responsible for a number of large major projects, such as the overall renovation program of the equipment base of Baotou Iron and Steel Group Company Limited. Dr. Zhang Tianmin has been appointed as an independent non-executive Director, the chairman of the remuneration committee, the chairman of the nomination committee and a member of the audit committee of the Company; Mr. Tan Kee Cheo has resigned as an independent non-executive Director, the chairman of the remuneration committee and a member of the audit committee of the Company; and Mr. Yip Ki Chi Luke has resigned as the chairman of the nomination committee of the Company.