The board of directors of China Gem Holdings Limited announced that Mr. Yan Ping has been appointed as an executive Director with effect from 19 January 2021. Mr. Yan has been the general manager of Jiangsu Zhengtai Construction Group since 2010. The Board announced that Mr. Warren Lee Primhak ("Mr. Primhak") has been appointed as an independent non-executive Director with effect from 19 January 2021. Mr. Primhak, aged 56, is the former managing director of Deutsche Bank heading global trading for Asia. Mr. Primhak has over 20 years of experience in Finance and Security industries. Mr. Primhak is also a member of the board of Mainfirst Asia. The Board announced that with effect from 19 January 2021: Mr. Yan has been appointed as a member of each of the nomination committee of the Company (the "Nomination Committee") and remuneration committee of the Company (the "Remuneration Committee"); and Mr. Primhak has been appointed as a member of each of the Remuneration Committee and the audit Committee of the Company.