The board of directors of Prosper Construction Holdings Limited hereby announced that Mr. Ding Hongbin has been appointed as an executive director and chief operating officer of the company with effect from 11 July 2019. Mr. Ding had served Qingjian Group Co. Ltd.for more than 20 years up until year 2018, during which period he took up various positions including but not limited to the assistant to the general manager, deputy general manager, executive deputy general manager and president with his last position being chairman of the board of Qingjian Group Co. Ltd. Mr. Ding has entered into a service contract with the Company with an initial term of three years with effect from 11 July 2019 and renewable for successive term of one year each, unless terminated by either party giving not less than three months' notice in writing.