Hong Kong International Construction Investment Management Group Co., Limited announced that Mr. Chen Chao has been appointed as an executive Director and a Co-Chairman of the Board. Mr. Chen is currently the vice president of HNA Group Co. Ltd. and the chairman of HNA Group (International) Co. Ltd. He served as a chief investment officer and a chief innovation officer of HNA Group as well as the executive chairman of HNA Innovation Finance Group Co., Limited, amongst others. Mr. Sun Kin Ho Steven has stepped down as the Chairman of the Board and has been re-designated as a Co-Chairman of the Board to serve alongside Mr. Chen. Mr. Sun will remain as the Chairman of the nomination committee of the Board and a member of the remuneration committee of the Board. Mr. Sun appointed as the Chairman of the Board, an Executive Director, the Chairman of the Nomination Committee and a member of the Remuneration Committee in August 2018. Mr. Sun is also a director of Fundamental Assets IV Limited, a subsidiary of the Company. He is responsible for setting the Group's business strategy and business development direction. He is currently the deputy chief executive officer of HNA Group (International) Company Limited, an executive director and the chairman of the board of directors of China Shun Ke Long Holdings Limited and a director of HNA Finance I Co. Ltd. He served as the president of Hong Kong International Financial Services Limited, chief investment officer of the investment development department of HNA Holding International Investment Group Co., Limited and the operational director of investment banking management unit of HNA Modern Logistics Group Co., Limited. Mr. Sun has more than 10 years of working and management experience in finance and capital operations, corporate strategy development and operations management. Mr. Wong Tai Lun Kenneth has tendered his resignation as an executive Director and an authorised representative of the company with effect from 26 October 2018 to facilitate the restructuring of the Board and so that he can focus more on the growing needs of the business of the Group. After his resignation as an executive Director, Mr. Wong has been appointed as a Director of Legal Affairs of the company and will be primarily responsible for the legal and compliance matters, and mergers and acquisitions of the Company. Wong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as an executive Director that needs to be brought to the attention of the Stock Exchange and the Shareholders. Mr. Leung Kai Cheung has tendered his resignation as an independent non-executive Director, a member of the audit committee of the Board and a member of the Remuneration Committee with effect from 26 October 2018 due to health reasons. Mr. Leung has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as an independent non-executive Director that needs to be brought to the attention of the Stock Exchange and the Shareholders. Following Mr. Leung's resignation as a member of the Remuneration Committee, Mr. Lung Chee Ming, George has been appointed as an additional member of the Remuneration Committee and will hold this position in addition to being a member of the Audit Committee and a member of the Nomination Committee. Following Mr. Wong's resignation as an Authorised Representative, Mr. Sun, has been appointed as an Authorised Representative under Rule 3.05 of the Listing Rules with effect from 26 October 2018. Following the resignation of Mr. Leung as an independent non-executive Director with effect from 26 October 2018, the Board comprises 14 members, with eight executive Directors, two non-executive Directors and four independent non-executive Directors.