The board of directors of The Hong Kong Building And Loan Agency Limited announced that Mr. Zhuang Miaozhong has been appointed as an executive director of the Company with effect from 16 January 2017. Mr. Zhuang is an independent director of China CEFC Energy Company Limited, the managing director of CEFC Hong Kong International Holdings Co., Limited, an executive director of China Energy Fund Committee and a director of CITIC International Assets Management Limited. He has over 15 years of work experience in petroleum industry, which includes working in state-owned enterprises in China, overseas corporations and large-scale enterprises.