The Board of China Development Bank International Investment Limited (CDBIH) announced that Mr. TENG Rongsong has resigned as an executive Director, the chairman of the Board, the chairman of nomination committee, the chief executive officer and the authorized representative of the company with effect from 15 December 2014. Mr. BAI Zhe, the executive Director, has been re-designated as the chairman of the Board and appointed as the chairman of the nomination committee and the authorized representative of the company with effect from 15 December 2014. Mr. YUAN Chun, the executive director, has been appointed as the chief executive officer of the company with effect from 15 December 2014 and his term of office as the vice president of the company ended on the same day.

YUAN Chun, has been appointed as an executive Director of the company since 13 June 2014. He served as the chief operating officer of CDBIH from December 2014. He joined CDBIH as managing director of investment division in April 2013.

YUAN was the vice president of the company from 13 June 2014 to 15 December 2014. Prior to CDBIH, YUAN held various senior positions in several financial institutions.