Dagang Holdings has announced the appointment of Zhong Xue as Company's Executive Vice President. Mr. Zhong Xue has the professional capabilities necessary to perform his duties, and there is no situation in which he is not allowed to serve as a senior manager of a listed company as stipulated in the "Company Law", "Guidelines for the Normative Operation of Listed Companies on the Shenzhen Stock Exchange's Growth Enterprise Market" and the "Articles of Association".