The board of directors of Nine Dragons Paper (Holdings) Limited announced that Mr. Zhang Lianpeng, currently a non-executive director of the Company, will be re-designated as an executive director of the Company with effect from 21 August 2018. Mr. Chen Kefu has been appointed as an independent non-executive director of the Company with effect from 21 August 2018. Mr. Chen was promoted to Professor by Tianjin Municipal Commission Science and Technology in 1991 and was elected as an academician of the Chinese Academy of Engineering in 2003. Mr. Chen has served South China University of Technology in PRC since December 1992, and is currently the Director of the Academic Committee of the State Key Laboratory of Pulp and Paper Engineering of South China University of Technology and Professor of School of Light Industry Science and Engineering.