The Board of Directors of Hon Corporation Limited announced the appointment of Mr. Xu Tianduo and Mr. Tan Jit Pin as executive directors of the Company with effect from 12 August 2020. Mr. Xu has extensive solid financial and asset management experience for more than 10 years. Since March 2014, Mr. Xu has served as president of Shenzhen Hongji Tai Fu Asset Management Co. Ltd., a company incorporated in China with principal business engaged in corporate finance, asset management and initial public offering in Hong Kong. Mr. Tan joined the Group in October 2014 as construction manager and was promoted to be a project manager, senior project manager and project director, and has served as deputy chief operating officer in a subsidiary of the Company from July 2018 to January 2020. Since September 2019 and February 2020, Mr. Tan has also been appointed as director and chief operating officer in a subsidiary of the Company, respectively.