Kwan On Holdings Limited announced that Mr. Cao Lei has been appointed as an Executive Director of the company with effect from 9 February 2018. Mr. Cao has over 20 years of work experience. Mr. Cao had been appointed as the General Manager of the Nanjing Xinsida Technology Limited from 2000 to 2005 and as the Chairman of the Suzhou Hongyi Real Estate Limited from 2003 to 2008.

The Board announced that Mr. Tao Ming has been appointed as the Chief Executive Officer and Mr. Shen Zhi has been appointed as the Chief Operating Officer of the company respectively on 9 February 2018. Mr. Tao was the Director of the Nanjing Drainage Construction and Management Division from January 1997 to June 2003 and was the President of the Nanjing Drainage company. Mr. Shen is currently the Deputy General Manager of the Jiangsu Provincial Construction Group Overseas Company and the secretary of a branch of the Communist Party of China.

Mr. Ng Sai Cheong has been retitled from Financial Controller and Company Secretary to Chief Financial Officer and Company Secretary of the company with effect from 9 February 2018. Mr. Ng joined the Group on 23 August 2012 and was appointed as the Company Secretary of the company on 23 January 2013. Mr. Ng has over 15 years of experience in auditing and accounting.