The board of directors of Asian Capital Resources (Holdings) Limited announced that, with effect from 9 August 2018, Mr. Huang Haitao and Mr. Liao Haifei have been appointed as executive directors of the company. Mr. Huang has more than 18 years of large-scale real estate projects engineering construction and management experience. In recent years, he has been involved in investment and financing and resource integration practices in industrial investment. Mr. Liao Haifei has more than 17 years of experience in commercial and industrial real estate marketing promotion, operation management planning and other frontline practices. He has in depth involvement in over 15 projects with aggregated floor area of more than 10 million square meters. He is also experienced in pre-admission evaluation and post-investment management of domestic pan-entertainment and Internet business.