The board of directors of Huarong Investment Stock Corporation Limited announced that, with effect from 7 November 2016, Lin Changhua has been appointed as an executive Director. Lin has entered into a directors' service agreement with the Company on 7 November 2016 for a term of 3 years with effect from 7 November 2016. Lin was the Senior Manager in the Subsidiary Management Department of China Huarong Asset Management Co. Ltd. since September 2014. Wu Qinghua has been appointed as a non-executive Director. Qinghua was the committee member and the Assistant General Manager of Huarong Tianjin Free Trade Zone Investment Co. Ltd. since October 2015. Wu Tak Lung has been appointed as an independent non-executive Director. Wu T.L. currently serves as an independent non-executive director of China Machinery Engineering Corporation, Beijing Media Corporation Limited and Sinomax Group Limited. Wu T.L. has entered into a directors' service agreement with the Company on 7 November 2016 for a term of 3 years with effect from 7 November 2016.