The Board of Cheung Wo International Holdings Limited announced that with effect from 31 March 2016, Mr. Xiang Junjie has been appointed as an executive Director and the chief executive officer of the company and Mr. Ji Jianguo has been appointed as an executive Director of the company. Mr. Xiang, aged 31, has over 6 years of experience in enterprise management in the PRC. Prior to joining the company, Mr. Xiang had been the chief executive officer of Dongguan Dejin Energy Technology Limited since 1 January 2015.

Mr. Ji, aged 60, has over 12 years of experience in planning, construction and management of the construction projects in the PRC. Prior to joining the Company, Mr. Ji had been appointed as the chief engineer of both Dongguan City Dejin Energy Technology Company Limited and Dongguan City Dejin Thermal Power Company Limited since September 2015.