The board of directors of National Investments Fund Limited announced that with effect from 20 November 2018. The company announced the appointment of independent non-executive director, chairman of nomination committee, member of audit committee and member of remuneration committee: Ms. Chan So Fong, obtained a Bachelor of Business Administration from The Chinese University of Hong Kong in December 1996. She has extensive experience in auditing and financial management. After her graduation, she worked in various companies from October 1996 to July 2005, including Ernst & Young. From August 2005 to May 2013, she worked as a Chief Financial Officer of China Beidahuang Industry Group Holdings Limited (formerly known as Sino Distillery Group Limited), a company listed on the Main Board of the Stock Exchange. She was appointed as an independent non-executive director of Hao Bai International (Cayman) Limited, a company listed on the GEM of the Stock Exchange (stock code: 8431) from January 2017 to January 2018. She worked as company secretary of China Futex Holdings Limited, a company listed on the GEM of the Stock Exchange (stock code: 8506) from September 2017 to September 2018. Currently, she is the chief financial officer and company secretary of China Investment Development Limited, a company listed on the Main Board of the Stock Exchange (stock code: 204). Ms. Chan is and has been an Associate of Hong Kong Institute of Certified Public Accountant since July 2001 and a Fellow of The Association of Chartered Certified Accountants since November 2005. The company announced the appointment of independent non-executive director, member of audit committee, member of remuneration committee and member of nomination committee: Mr. Liao Kai obtained his bachelor's degree of Human Resources Management from South China Normal University in January 2015. Mr. Liao has extensive experience in risk management and internal control. From May 2015 to January 2017, he worked as a Risk Control Manager of Kairuide (Shenzhen) Fund Management Limited. Since January 2017, he has been worked as a general manager of Kai Hong (Shenzhen) Corporate Development Limited. The company announced the resignation of independent non-executive director, chairman of nomination committee and member of audit committee: The Board hereby announces that Mr. Char Shik Ngor, Stephen has tendered his resignation as an Independent Non-executive Director, Chairman of Nomination Committee and member of Audit Committee of the Company with effect from 20 November 2018 due to his other personal commitments.