The board of directors of Binhai Investment Company Limited (the "Company") announced that Ms. SHI Jing has tendered her resignation as a non-executive director of the company with effect from 26 July 2018 due to her other business engagements. The Board also announced that Mr. YU Ke Xiang was appointed as a non-executive director of the company with effect from 26 July 2018. Mr. Yu has entered into a service contract with the company for a term of three years commencing on 26 July 2018, subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the requirement of the bye-laws of the company.