The Board of Hao Tian International Construction Investment Group Limited announced that, with effect from 1 September 2019, (i) Mr. Zhang Sheng has been appointed as an executive Director of the Company; and (ii) Mr. Zheng Li has been appointed as an executive Director of the Company. Mr. Zhang Sheng, aged 49, holds post-graduate degree. He worked in various senior positions in Xiamen United Trust Investment Company Limited, China Minsheng Bank and China Minsheng Investment Corporation Limited.

Mr. Zheng, aged 32, was the executive director of China Minsheng Financial Holding Corporation Limited from July 2018 until August 2019 and acted as the acting chief executive officer of CMFH from July 2018 to May 2019. The Board announced that, with effect from 1 September 2019, Mr. Zhang Sheng has been appointed as the vice chairman of the Board. The Board further announced that, with effect from 1 September 2019, (i) Mr. Zhang Sheng has been appointed as a member of the Remuneration Committee and the Nomination Committee; (ii) Mr. Mak Yiu Tong, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee; and (iii) Mr. Fok Chi Tak ceased to be the chairman but remains as a member of the Nomination Committee.

Mr. Gao Zhangpeng, the chief executive officer, has resigned with effect from 31 August 2019 due to his intention to devote his time to pursuing other personal endeavours. Mr. Gao will also resign from his positions as director and officer of the Company's subsidiaries. Meanwhile, Mr. Zheng Li has been appointed as chief executive officer of the Company with effect from 1 September 2019.