The board of directors of Carnival Group International Holdings Limited announced that Mr. Meng Cai was appointed as an executive Director with effect from 10 May 2016. Mr. Meng served as the general manager of China Nanshan Development Limited from 1992 to 2003, he was in charge of the real estate division. He was in charge of the north China region of China Merchants Property from 2012. Mr. Meng has over 30 years of experience in real estate in China and has accumulated experience in real estate development and management.