The board of directors of International Entertainment Corporation announced that with effect from July 6, 2018. Mr. Zhang Yan Min, an executive Director, has been appointed as the chief executive officer of the company. Mr. Zhang joined the company as an executive Director in May 2017.

He is also a director of a subsidiary of the company incorporated in Hong Kong. Mr. Zhang has over 28 years' experiences in commercial development, investment and business management. He was a general manager of Lloyd's Register Industrial Technical Services (Shanghai) Co.

Ltd. from 2011 to 2016, and was responsible for managing the overall operations of LR. Mr. Chan Chun Yiu Thomas has been appointed as an executive Director. Mr. Chan is the group general counsel of the company.

He is also a director of various subsidiaries of the company incorporated in Hong Kong and British Virgin Islands. He joined the company in February 2017. Mr. Lam Yat Ming has resigned as an executive Director due to his other increasing personal and business commitments which demand more time for his attention.

He will also resign as a director of each of the subsidiaries of the company incorporated in Hong Kong, the British Virgin Islands and the Republic of the Philippines. Mr. Ren Yunan has resigned as an independent non-executive Director due to his other increasing personal and business commitments which demand more time for his attention. Mr. Lam has resigned as a member of the executive committee of the Company; Mr. Zhang has been appointed as a member of each of the executive committee and the nomination committee of the Company; Mr. Ren has resigned as the chairman of the remuneration committee, and a member of each of the audit committee and the nomination committee of the Company; and Mr. Sun Jiong, an independent non-executive Director, has been appointed as the chairman of the remuneration committee of the company.