The board of directors of China Minsheng Drawin Technology Group Limited announced that, in order to enhance the corporate governance practices of the company and to enable the company to better comply with the code provision A.2.1 in the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities, which provides that the roles of the chairman and the chief executive should be separate and should not be performed by the same individual, with effect from 8 May 2018, Mr. Yin Jun, has stepped down as the chief executive officer of the Group while Mr. Yang Hongwei, currently a vice president of the company, has been appointed as the chief executive officer of the Group in succession to Mr. Yin. remains as an executive director and the chairman of the Board, as well as the chairman of the nomination committee of the company.