The Board of Directors of GTI Holdings Limited announced that Mr. Hao Xiangbin has been appointed as an executive director of the Company with effect from 11 January 2019. Mr. Hao Xiangbin, aged 53, he has worked in the management of a number of domestic commercial banks in the People's Republic of China (the "PRC") and has more than 30 years of experience in the financial industry. He has unique insights and innovations in banking assets, liabilities and intermediary business. In 2014, Mr. Hao initiated a new business model for the outsourcing of the RMB banknotes clearing up services by the financial institutions in the PRC. Thereafter, Mr. Hao has successfully developed the business enterprise currently with nineteen RMB banknotes clearing up centres all over the PRC. In addition, the lines of business have been diversified into the research and development and sale of the smart devices and equipment for handling banknotes and coins clearing up services, the development and application of Internet of Things in the financial sector and so on. Mr. Hao's appointment is for an initial term of 3 years commencing on 11 January 2019, subject to retirement from office by rotation and re-election at annual general meetings of the Company according to the articles of association of the company.