The board of directors of China Energine International (Holdings) Limited announced that: Mr. Li Lei has been appointed as the executive director, vice-chairman, member of Nomination Committee and member of Development and Investment Committee of the company, with effect from 18 March 2020. Mr. Li Lei (Mr. Li), aged 46, master degree holder, served at a good amount of departments of China Academy of Launch Vehicle Technology ("CALT"), the controlling shareholder of the company, since 1996, including vice-chief of the Industrial Development Department, vice-chief of the Business and Investment Department, head of management office of Human Resource Department and head of management office of Operation and Investment Department of CALT; Mr. Li has been the director of Astrotech Group Limited, a company wholly owned by CALT and directly held approximately 60.64% of the total issued and fully paid ordinary shares of the Company, since August 2018. Ms. Kan Lai Kuen, Alice (Ms. Kan) has tender her resignation as independent non-executive director, chairlady of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee of the Company due to her desire to devote more time to her other business commitment, with effect from 18 March 2020. Mr. Lau Fai Lawrence has been appointed as the independent non-executive director, chairman of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee of the Company, with effect from 18 March 2020. Mr. Lau Fai Lawrence (Mr. Lau), age 48, is currently a practising certified public accountant in Hong Kong and a fellow member of the Association of Chartered Certified Accountants in the United Kingdom. Mr. Lau graduated from The University of Hong Kong with a bachelor's degree in business administration in 1994 and obtained a master's degree in corporate finance from Hong Kong Polytechnic University in 2007. Mr. Lau is currently the company secretary of BBMG Corporation since August 2008, an executive Director of Future World Financial Holdings Limited since January 2014, an independent non-executive director of Sinopharm Tech Holdings Limited since January 2020, an independent non-executive director of Tenwow International Holdings Limited (in provisional liquidation) since November 2018, Artini Holdings Limited since April 2008, Titan Petrochemicals Group Limited since March 2014 and HKBridge Financial Holdings Limited since March 2016. Mr. Lau was an independent non-executive director of Winto Group (Holdings) Limited between April 2019 and November 2019, and a non-executive director of Alltronics Holdings Limited between March 2017 and December 2018. The Board further announces that the changes of each of the Board Committee as follows: With effect from 18 March 2020, the members of Audit Committee comprise of Mr. Lau Fai Lawrence (Chairman), Mr. Gordon Ng and Mr. Li Dapeng. With effect from 18 March 2020, the members of Remuneration Committee comprises of Mr. Gordon Ng (Chairman), Mr. Han Qingping, Mr. Lau Fai Lawrence and Mr. Li Dapeng. With effect from 18 March 2020, the members of Nomination Committee comprise of Mr. Liu Zhiwei (Chairman), Mr. Li Lei, Mr. Lau Fai Lawrence, Mr. Gordon Ng and Mr. Li Dapeng. With effect from 18 March 2020, the members of Development and Investment Committee comprise of Mr. Liu Zhiwei (Chairman), Mr. Li Lei, Mr. Han Qingping, Mr. Xu Jun, Mr. Wang Guanghui and Mr. Li Dapeng.