The board of Nine Dragons Paper (Holdings) Limited announced the following changes in directorships of the company with effect from June 15, 2018. Mr. Zhang Cheng Fei has been re-designated from an executive director and Deputy Chief Executive Officer to an executive director, Deputy Chairman and Deputy Chief Executive Officer; and Mr. Ken Liu has been appointed as an executive director and Deputy Chairman. Mr. Zhang Cheng Fei, has been the executive director and Deputy Chief Executive Officer of the Company since 2006. He is a director of various subsidiaries of the Company. He is one of the founders of the Group and is responsible for the overall management of the Group's operations and business including marketing, finance, procurement, sales and information technology departments. Mr. Ken Liu has also been appointed as the Chief Executive Officer (North America) of a subsidiary of the Company in charge of business in North Amercia with effect from 15 June 2018. Mr. Ken Liu, aged 26, graduated cum laude in Government from Harvard University. He was previously a consultant at PricewaterhouseCoopers in U.S. where he advised technology, telecom, and banking companies for approximately two years.