AVIC International Holdings Limited announced at its EGM held on 15 February 2017, approved the appointment of Mr. Liu Hong De as an executive Director was duly approved by the Shareholders and such appointment took effect immediately thereafter. Besides, the Board has resolved to appoint Mr. Liu Hong De as the Chairman of the Board and a member of each of the remuneration committee of the company and the nomination committee of the company with effect from 15 February 2017. Liu is currently the chairman of the board of directors of AVIC International Holding Corporation, the chairman of the board of directors of AVIC International Holding (HK) Limited. the company also appointed Ms. Zhou Chun Hua as an executive Director was duly approved by the Shareholders and such appointment took effect immediately thereafter. Ms. Zhou was appointed as the deputy general manager and the chief accountant of AVIC International and an executive director of AVIC HK in December 2016. With effect from the close of the EGM, Mr. Wu Guang Quan resigned as an executive Director and the Chairman of the Board due to change of job assignments. With effect from the close of the EGM, Mr. Pan Lin Wu also resigned as an executive Director due to change of job assignments. Following the resignation of Mr. Wu Guang Quan as an executive Director and the Chairman of the Board and the approval of the appointment of Mr. Liu Hong De as an executive Director by the Shareholders at the EGM, with effect from 15 February 2017, (i) Mr. Wu Guang Quan ceased to be a member of each of the Remuneration Committee and the Nomination Committee; and (ii) Mr. Liu Hong De has been appointed as a member of each of the Remuneration Committee and the Nomination Committee.