The board of directors of Asia Investment Finance Group Limited announced that, with effect from 18 December 2018, Mr. Sun Yu ("Mr. Sun") has been appointed as an Executive Director of the company. Mr. Sun has more than 25 years working experiences in investment and banking in several international financial institutions. He is familiar with international financial business and international economic diplomacy. He also has rich experience in investment banking. He has served as a credit manager of ANZ Bank, a director of Australia United Finance Associates Co, a managing director of Wealth Management of UBS Group, an executive director of the World Cities Development Foundation of World Bank and a vice-president of the Asia Development & Investment Bank Limited. The Board also announced that, with effect from 18 December 2018, Ms. Jin Xin ("Ms. Jin") has been appointed as an Independent Non-executive Director of the company. Ms. Jin, aged 62, joined the Group in December 2018. Ms. Jin is currently working as a senior advisor in Ernst & Young Hua Ming LLP. Ms. Jin is a senior member of China Certified Public Accountants Association, overseas member of Hong Kong Institute of Certified Public Accountants and a member of Certified Practising Accountant of Australia. The board announces that Mr. Liang Jian ("Mr. Liang") has resigned from his position as an Executive Director with effect from 18 December 2018 due to personal reasons. The board announces that Mr. Ge Ming ("Mr. Ge") has resigned from his position as an Independent Non-executive Director with effect from 18 December 2018 due to other business engagement which requires more of his attention and dedication. The Board also announces that, with effect from 18 December 2018: Mr. Sun has been appointed as a member of the Executive Committee of the Board; and Ms. Jin has been appointed as a member of the Audit Committee, Nomination Committee and Remuneration Committee of the Board; and Mr. Liang resigned from his position as a member of the Executive Committee of the Board; and Mr. Ge has resigned from his position as a member of the Audit Committee, Nomination Committee and Remuneration Committee of the Board.