The board of directors of Coastal Greenland Limited announced that Mr. Lu Jiqiang has tendered his resignation as a non-executive Director with effect from 17 June 2019 due to his other commitments. In addition the Board announced that Mr. Qiu Guizhong has been appointed as a non- executive Director with effect from 17 June 2019. Mr. Qiu is currently the general manager of the office of the board of directors and general counsel of Shenzhen Investment Limited. Mr. Qiu has entered into a service contract with the Company for a term of one year for his service as a non-executive Director, which shall be automatically extended for another one year upon expiration of the term of the service contract unless terminated by either party to the service contract, which requires not less than one month's notice.