The board of directors of CEFC Hong Kong Financial Investment Company announced that with effect from 9 July 2018, Mr. Zhang Yu (‘Mr. Zhang') resigned as an executive Director and Chief Executive Officer of the company. The Board announced that with effect from 9 July 2018, Mr. Zhang has ceased to be a member of each of the remuneration committee, nomination committee and corporate governance committee of the company; and Mr. Jiang Tianqing has been appointed as a member of each of the remuneration committee, nomination committee and corporate governance committee of the company. Following his resignation as an executive Director, Mr. Zhang also ceased to be an authorized representative of the Company with effect from 9 July 2018.

The Company has appointed Mr. Jiang Tianqing, an executive Director, as the authorised representative of the Company with effect from the same date.