The board of directors of National Investments Fund Limited announced that with effect from 8 October 2018. Mr. Dai was appointed as the Chief Executive Officer of the Company. Mr. Dai Wei holds a Bachelor's degree in accounting from Harbin Institute of Technology University and a Master's degree in Economics from Liaoning University. Mr. Dai has over 30 years of extensive experience in technology industry. Mr. Dai has been a CEO of Manifold Pacific Investment Inc. since May 2000. Mr. Li was appointed as an independent non-executive Director, the chairman and member of the audit committee, a member of nomination committee and a member of the remuneration committee of the Company. Mr. Li Li holds a bachelor degree in business administration and is a China securities and futures certified accountant and a China registered asset appraiser. Mr. Wong Danny F. was resigned as a chairman of the Company but remain as the executive director of the Company; and Ms. Xie Xiangrong ("Ms. Xie") was appointed as a chairman and non-executive Director of the Company. Ms. Xie graduated from the Chinese Department of Hunan Normal University. Ms. Xie is currently the vice president of the China Federation of Overseas Chinese Entrepreneurs. Ms. Xie has over 25 years of experience in international trade, project investment in real estate, biotechnology, emerging energy, tourism and scenic investment fields. Mr. Law Kim Fai (Mr. Law) was resigned as a position of Company Secretary and Authorised Representative of the Company but remain to work in the Company; and Mr. Ho Yuk Ming, Hugo ("Mr. Ho") was appointed as a Chief Financial Officer, Company Secretary and Authorised Representative of the Company. Mr. Ho is a qualified professional accountant with over 18 years of experience in auditing, accounting and financial management. He is an associate member of the Hong Kong Institute of Certified Public Accountants. He held senior position in a number of public and holding companies in Hong Kong. Currently, Mr. Ho is the chief financial officer and the company secretary of Future Bright Mining Holdings Limited.

The Board announced that the principal place of business of the Company in Hong Kong has been changed to 16/F., Guangdong Finance Building, 88 Connaught Road West, Hong Kong with effect from 8 October 2018.