The board of directors of Asia Investment Finance Group Limited announced that Mr. Ho Chun Chung, Patrick has resigned from his position as an Independent Non-executive Director of the company with effect from October 16, 2018 with the intention to devote more time to pursue his other personal business commitments. The Board announced that, with effect from October 16, 2018, Mr. Wang Jun Sheng has been appointed as an executive Director of the company. Mr. Wang, aged 58, joined the Group in September 2018. Mr. Ling received a Ph.D. from Huazhong University of Science & Technology. Mr. Wang has more than twenty years of experience in equity investment, asset management and banking industry. Mr. Wang is currently a researcher of China Economic and Technological Research Consulting Company Limited. The Board also announced that Mr. Ho has resigned from his position as the chairman and a member of the Remuneration Committee and Nomination Committee and a member of the Audit Committee of the Board with effect from October 16, 2018; and Mr. Wang has been appointed as the chairman and a member of the Remuneration Committee and Nomination Committee and a member of the Audit Committee and of the Board with effect from October 16, 2018.