The board of directors of Prosperity Investment Holdings Limited announced that Mr. Cheng Hairong, Chairman and executive director of the company will be appointed as the managing director of the company with effect from 1 April 2016. Mr. Cheng, aged 56, was appointed as the Chairman and executive director of the company in 2010. Mr. Cheng is also the chairman of nomination committee and director of the subsidiaries of the company.

He has over 20 years - experience as an executive director and consultant in establishing and managing listed companies in Hong Kong.