The board of directors of Milan Station Holdings Limited announced that Ms. Cao Huijuan, the executive director of the Company, has resigned as the executive director with effective from 16 April 2019 due to Ms. Cao desires to devote more time for personal commitments. The Board also announced that with effect from 16 April 2019, Mr. LI Zhongqi has been appointed as an Executive Director. He has extensive experience in management, formulating and implementing the strategic plan including overseeing the completion operation in accordance with the direction established in the strategic plans.