The board of directors of PT International Development Corporation Limited announced that Mr. Gary Alexander Crestejo has tendered his resignation as an executive Director of the company and an authorised representative of the Company with effect from 1 November 2019 as he would like to devote more time to his other business engagements. The board also announced that Mr. Heinrich Grabner has been appointed as an executive Director of the company and an authorised representative of the company for the purpose of the Listing Rules with effect from 1 November 2019 following the resignation of Mr. Gary Alexander Crestejo. Mr. Grabner has over two decades of investment management experience in the Asia Pacific region. Mr. Grabner serves as the CEO and responsible officer of Helios Asset Management (HK) Ltd. and a director of Muhabura Capital Limited, both are the wholly owned subsidiaries of the company. Mr. Grabner has held various senior positions in investment banking, asset management and private banking. He worked with various financial institutions including Daiwa Capital Markets Hong Kong Limited, VP Wealth Management (Hong Kong) Limited, Vontobel Wealth Management (Hong Kong) Limited and China Silver Financial Group Limited, which is a wholly owned subsidiary of China Silver Group Limited (HKEx Stock Code:815). Mr. Grabner has extensive experience in mergers and acquisitions, with a focus in finance, mining, energy and infrastructure. He currently also serves as a non-executive director of Sonora Gold and Silver Corp.