The board of directors of Honghua Group Limited announced that the following resignation and appointments shall take into effect from August 24, 2018: Mr. Chen Yajun resigned as an executive director, chairman of the board and chairman of strategic investment and risk control committee and member of remuneration committee, due to health reason. The board also announced that Mr. Jin Liliang has been appointed as an executive director, chairman of the board, chairman of strategic investment and risk control committee and member of remuneration committee. Mr. Jin Liliang joined in China Aerospace Science and Industry Corporation Limited in 1993. He was a vice president of a subsidiary of China Aerospace Science and Industry Corporation Limited. Mr. Jin has rich experience of corporate operation and management.