The board of directors of China Development Bank International Investment Limited announced that WANG Xiangfei, an independent non-executive Director, has been appointed as a member of remuneration committee of the Board with effect from 16 March 2017. WANG Xiangfei, aged 65, has been appointed as an independent non-executive Director of the Company since 21 March 2012. He is also the chairman of the audit committee and a member of the nomination committee of the Company. WANG is the vice chief financial officer of Sonangol Sinopec International Limited and the financial advisor of China Sonangol International Holding Limited. He is also an executive director of Nan Nan Resources Enterprise Limited. Besides, WANG is an independent non-executive director of Tianjin Capital Environmental Protection Group Company Limited. He was also an independent non-executive director of Tianjin Capital for the period from April 2002 to April 2008. WANG has worked in senior management teams of a couple of companies engaging in banking and other financial services.