China Zhongwang Holdings Limited announced that Mr. Liu Zhisheng and Mr. Zhang Hui have resigned from their positions as non-executive Directors due to other business commitment, with effect from July 26, 2019. The Board announced that Mr. Lin Jun and Mr. Wei Qiang have been appointed as non-executive Directors with effect from July 26, 2019. Mr. Lin Jun, a general manager of Liaoning Zhongwang Group Company Limited, a subsidiary of the Company, is principally responsible for production, operation and management of Liaoning Zhongwang. He concurrently serves as a director of five subsidiaries of the Company, including Liaoning Zhongwang Special Vehicle Manufacturing Company Limited. Mr. Wei Qiang, a vice general manager of Liaoning Zhongwang, is principally responsible for financial affairs of Liaoning Zhongwang. He has 15 years' experience in aluminium fabrication industry. Since his joining in Liaoning Zhongwang in March 2004, Mr. Wei Qiang has served in various positions in finance and operation management. He was appointed as a vice general manager of Liaoning Zhongwang in September 2017.