The board of Directors of National Investments Fund Limited announced that Ms. Xie Xiangrong has tendered her resignation as the chairperson of the Board with effect from 17 July 2019 due to the need to spend more time on her other personal commitments. Ms. Xie will remain as a non-executive Director. The Board announced that on 17 July 2019, Mr. Wang Ning has been appointed as the chairman of the Board and a non-executive Director with effect from 17 July 2019. Mr. Wang. Mr. Wang held the position of chief executive officer of Shenzhen Huasheng Laimeng Fund Management Limited from May 2010 to August 2012. Mr. Wang is currently acting as the president of Shenzhen Youth Entrepreneur Promotion Association.