The board of directors of Binhai Investment Company Limited announced that Mr. SHEN Xiao Lin ("Mr. Shen") and Mr. ZHANG Jun ("Mr. Zhang") have tendered their resignations as a non-executive director of the Company with effect from 27 September 2019 respectively due to the need to pursue other business engagements. The Board announce that Ms. CAO Hong Mei ("Ms. Cao") and Ms. PENG Bo ("Ms. Peng") were appointed as a non-executive director of the Company with effect from 27 September 2019 respectively. She served as a coke making staff at Tianjin No. 2 Coal Gasification Plant a staff at Tianjin's Development Zone Gas Company. She served as a department head, chief engineer, general manager and director at Tianjin Teda Gas Co. Ltd. Currently, she serves as a director of Binhai Investment (Tianjin) Company Limited. Ms. Peng, aged 48, is an International Certified Public Accountant, Tax Accountant and Intermediate Accountant. She served as the manager in the accounting and finance department of TEDA Gas and the deputy head of assets and capital verification task force at TEDA Holding.