Watts International Maritime Engineering Limited announced that with effect from June 18, 2020 Mr. Wang Likai has been appointed as an executive director of the Company; and Mr. Wang Shizhong has been re-designated from executive director of the Company to non-executive director of the Company. Mr. Wang Likai, was appointed as an executive director of the Company with effect from 18 June 2020. Mr. Wang Likai joined the Group in May 2020. Mr. Wang Likai is also a director of certain subsidiaries of the Company. Upon his appointment as an executive director of the Company, he will primarily be responsible for management of personnel and integration of resources of the Group. From May 2017 to June 2020, Mr. Wang Likai was the chairman and general manager of Shanghai Watts Property Management Co. Ltd. From August 2017 to April 2020, he served as an executive director and general manager of Shanghai Ziguang Property Management Co. Ltd. From October 2018 to April 2020, he was an executive director and general manager of Shanghai Watts Medical Technology Co. Ltd. Mr. Wang Likai has been an executive director and general manager of Shanghai Watts Gallop Holding Industrial Co. Ltd. since July 2017 and a director of Jiangsu Watts Energy Engineering Co. Ltd. since February 2018. Mr. Wang Likai obtained his Bachelor of Arts degree from the University of California, Irvine in the United States in March 2016. The Board also announces that Mr. Wang Shizhong has been re-designated from executive director to non-executive director of the Company with effect from 18 June 2020, as he would like to devote more time in exploring and developing strategic opportunities for the Group's long-term growth. Subsequent to his re-designation as a non-executive director, Mr. Wang Shizhong will primarily be responsible for advising on strategy and business development of Group.