The board of directors of Da Ming International Holdings Limited announced that Jiang Changhong has been re-designated from a non-executive director to an executive director of the company and appointed as vice president of the Company with effect from 26 September 2016. Jiang Changhong was appointed as a non-executive director of the Company on 26 July 2010. He was the minister of planning and development department and the minister of new materials business management department of Taiyuan Iron & Steel (Group) Co. Ltd. from October 2011 to July 2016 and the minister of sales department of Shanxi Taigang Stainless Steel Co. Ltd. from February 2009 to October 2011. Jiang entered into a director's service agreement with the company for a term of three years commencing from December 1, 2013, which will remain unchanged after the re-designation. His appointment is subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles and is subject to termination by either party giving not less than three months' written notice.