The board of directors of Wuzhou International Holdings Limited announced that, with effect from 7 August 2018: (a) each of Mr. Zhu Yongqui, Mr. Shen Ziaowei and Ms. Cai Qiaoling has been appointed as an Executive Director of the Company; and (b) Mr. Liu Chaodong has been appointed as an Independent Non-Executive Director of the Company. Mr. Zhu joined the Group in 2013 as the Assistant to the President of the Group as well as the General Manager of Changchun Zhongnan Property Development Co. Ltd., an indirect wholly-owned subsidiary of the Company, responsible for the complete management of the Changchun Project, the Shenyang Project, the Mudanjiang Project, the Hunan Loudi Project and the Group's development projects in the north-east of the People's Republic of China. Mr. Shen is currently the Vice President of the Group in charge of the financial matters. Ms. Cai is the Supervisor of the President's office of the Group. Ms. Cai joined the Group in 2007 as the Supervisor of the President's office of the Group, and is responsible for legal matters of the Group. Prior to joining the Group, Ms. Cai worked as an assistant at Shanghai Jinxiao Law Firm in 2005 and 2006 where she assisted lawyers in file management. Mr. Liu served as the Chief Accountant in Blue Star New Chemical Materials Co. Ltd. from 1991 to 1994 and as a Department Manager in Zhonglei Certified Public Accountants Co. Ltd. from 1994 to 1997. He is currently the Deputy General Manager of the Foshan Branch of Ruihua Certified Public Accountants. Mr. Liu has been an Independent Non-Executive Director of Grand Field Group Holdings Limited since August 2009. The Board announced that, with effect from 7 August 2018, Mr. Zhou Chen has been re-designated from an Independent Non-Executive Director to an Executive Director of the Company. Mr. Zhou was appointed as an Independent Non-Executive Director of the Company on 1 December 2017. Mr. Zhou has extensive experience in auditing, accounting, financial management and corporate finance. Following the re-designation of Mr. Zhou from an Independent Non-Executive Director to an Executive Director of the Company, Mr. Zhou has simultaneously ceased to be the Chairman and member of the Audit Committee and a member of the Nomination Committee with effect from 7 August 2018. The Board announced that, with effect from 7 August 2018, Mr. Liu, an Independent Non- Executive Director of the Company, has been appointed as the Chairman and member of the Audit Committee and a member of the Nomination Committee.