Silver Grant International Industries Limited announced Mr. Luo Zhenhong has resigned as a non-executive director of the Company and the chairman of the Board with effect from 29 January 2019 due to his work reallocation. Mr. Luo Zhenhong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. Mr. Hui Xiao Bing has resigned as a non-executive director of the company and the vice-chairman of the Board with effect from 29 January 2019 due to the reason that he need to concentrate his effort on his own business. Mr. Hui Xiao Bing has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. Mr. Chen Qiming has resigned as a non-executive director of the Company and the vice-chairman of the Board with effect from 29 January 2019 due to his work reallocation. Mr. Chen Qiming has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. Mr. Liu Tianni has resigned as an executive director and the deputy managing director of the Board with effect from 29 January 2019 due to the reason that he need to concentrate his effort on his own business. Mr. Chu Hing Tsung (alias Zhu Qing Yi) has been appointed as a non-executive director of the company and the chairman of the Board with effect from 29 January 2019. Mr. Chu Hing Tsung is the chairman and an executive director of Zhuguang Holdings Group Company Limited. The Company has entered into an appointment letter with Mr. Huang Jiajue. The term of his appointment letter is three years from 29 January 2019 to 28 January 2022 and is subject to retirement and re-election at the next general meeting and vacation of office in accordance with the provisions of the articles of association of the Company and applicable rules and laws. Mr. Luo Zhihai has been appointed as an executive director of the Company with effect from 29 January 2019. Mr. Luo Zhihai Prior to joining the Company, Mr. Luo Zhihai worked in China Construction Bank, Huajian International (Macau) Co. Ltd., China Cinda Asset Management Co. Ltd. and Guangdong Yuecai Asset Management Co. Ltd. He has served successively as the head of Xiaohuayuan Office of Meixian Sub-branch of China Construction Bank, Deputy General Manager of International Business Department of China Construction Bank Meizhou Branch, General Manager of International Business Department of Zhuhai Branch of China Construction Bank, Managing Director of Huajian International (Macau) Co. Ltd., the head of the entity department, the investment banking department, the marketing department and the business department of China Cinda Guangzhou Office and Deputy Managing Director of Guangdong Yuecai Asset Management Co. Ltd. Mr. Chen Zhiwei has been appointed as a non-executive director of the Company with effect from 29 January 2019. Mr. Chen Zhiwei is the assistant general manager and managing director of the investment department of China Cinda (Hong Kong) Holding Limited ("Cinda HK"), responsible for managing Cinda HK's investment and financing businesses. The Company has entered into an appointment letter with Mr. Chen Zhiwei. The term of his appointment letter is three years from 29 January 2019 to 28 January 2022 and is subject to retirement and re-election at the next general meeting and vacation of office in accordance with the provisions of the articles of association of the Company and applicable rules and laws.