China Chengtong Development Group Limited Appoints Zhang Bin as the Chairman of the Board

China Chengtong Development Group Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through six segments. Property Development segment is engaged in holding land for property development projects. Property Investment segment is engaged in the provision of rental services and holding investment properties. Financial Leasing segment is engaged in the provision of financial leasing services, including the arrangement of sales and leaseback transactions. Trading of Coal segment is engaged in the trading of coal. Bulk Commodity Trade segment is engaged in the trading of bulk commodity. Hotel and Marine Travelling Services segment is engaged in the provision of hotel and marine travelling services.