Honghua Group Limited announced the appointment of Mr. Wei Bin (Mr. Wei) as independent non-executive director, Chairman of the Audit Committee and member of the Remuneration Committee of the Company with effect from 29 August 2019. Mr. Wei Bin is currently the asset management senior partner of CDH Investments Management (Hong Kong) Limited. He is also a non-practicing member of the Chinese Institute of Certified Public Accountants. Mr. Wei was the Chief Accountant and the Chief Financial Officer of the China Resources (Holdings) Company Limited. In the past three years, he has been a non-executive director of four companies listed on The Stock Exchange of Hong Kong Limited.