The boardof AVIC Joy Holdings (HK) Limited announced that due to retirement, Mr. GUAN Liqun has tendered his resignation as an executive Director, the chief executive officer of the Company and the chairman of the Board with effect from 9 January 2020. The Board also announced that Mr. WU Xiaodong, the chief financial officer of the Company has been appointed as an executive Director, the Chief Executive Officer and the Chairman with effect from 9 January 2020.