HNA Infrastructure Company Limited board of directors announced that Mr. Wu Jian, due to work reallocation, has tendered his resignation to the Board for resigning from his positions as an executive Director and a vice president of the company with effect from the date of the extraordinary general meeting to be held by the company on 16 March 2018. Subject to the approval by the Shareholders at the EGM, the Board proposes to appoint Mr. Xing Zhoujin, the company secretary, as an executive Director with effect from the date of the EGM. Mr. Xing, aged 51, has served as the company secretary of the Company since 25 August 2009. Mr. Xing will be appointed as an executive Director for a term of three years commencing on the grant of approval at the EGM and subject to re-election in accordance with the articles of association of the company or pursuant to the Listing Rules. The board also announced that Mr. Yu Ke was appointed as an executive vice president of the company with effect from 30 January 2018. Mr. Yu, has extensive experience in the airport management and corporate governance. Since October 2003, he has served various roles in Sanya Phoenix International Airport Company Limited, as a infield commander at the on-site command office of the operation standardizing department from October 2003 to December 2004, a manager at the on-site command office of the operation standardizing department from December 2004 to May 2008, the vice general manager of command center from May 2008 to July 2009, the general manager of operation control department from July 2009 to February 2013, the vice president from February 2013 to January 2016 and the executive vice president since January 2016. Mr. Yu has been appointed as an executive vice president of the company for a term of three years commencing on 30 January 2018, subject to re-election in accordance with the Articles of Association or pursuant to the Listing Rules. The Board announced that Mr. Dong Guiguo, due to the work reallocation, resigned his positions as an independent representative supervisor and the chairman of supervisory committee of the company with effect from the date of the EGM. Mr. Dong confirms that he has no disagreement with the Board and/or the supervisory committee of the Company, nor is there any matter relating to his resignation that needs to be brought to the attention of the Shareholders. Subject to the approval by the Shareholders at the EGM, the Board proposes to appoint Mr. Yang Xiao as an independent representative supervisor with the effect from the date of the EGM. Mr. Yang served as the general manager of preliminary management department of Haikou Xincheng District Construction and Development Co. Ltd. from September 2013 to June 2015 and the general manager of the management department in HNA Lingang Project of Xinhua United Airlines Industrial Investment Development Co. Ltd. from June 2015 to November 2016. He also served in HNA Holdings Group Co. Ltd. as the director of inspection office from November 2016 to September 2017. Since September 2017, Mr. Yang has served as the chairman of supervisory committee of Hainan Air Travel Transportation Services Co. Ltd. The term of office of Mr. Yang as a supervisor of the Company will be effective from the date of the EGM for a term of three years, subject to the Shareholders' approval. Pursuant to the Articles of Association, Mr. Yang will be subject to re-election upon the expiry of his term of office.