The board of directors of Hong Kong International Construction Investment Management Group Co., Limited in the board meeting held on November 9, 2018 announced appointment of Mr. Zhang Peihua as an executive Director. And resignation of Mr. Mu Xianyi from executive Director, the Vice Chairman of the Board, the Chief Executive Officer of the company, a member of each of the nomination committee of the Board and the remuneration committee of the Board and the alternate to Mr. Fung Chiu Chak, Victor as an authorised representative of the company with effect from November 9, 2018 to facilitate the restructuring of the Board and focus more on the needs of the investment business of the Group. After his resignation, Mr. Mu has been appointed as the chairman of a wholly owned subsidiary of the company and will be primarily responsible for the matters relating to the investment directions and overseeing the management and operations of that subsidiary of the company. Following Mr. Mu's resignation as the Vice Chairman of the Board, the Chief Executive Officer of the company, a member of each of the Nomination Committee and the Remuneration Committee and the alternate to Mr. Fung as an Authorised Representative, Mr. He Jiafu, an executive Director, has been appointed as the Vice Chairman of the Board, the Chief Executive Officer of the company, a member of each of the Nomination Committee and the Remuneration Committee and the alternate to Mr. Fung as an Authorised Representative with effect from November 9, 2018. Mr. Zhang is currently the financial director of HNA Logistics Group Co. Ltd. and a director of HNA Finance I Co. Ltd., the controlling shareholder of the company.