The board of directors of Shougang Concord Grand (Group) Limited announced the following changes in directorships of the Company with immediate effect: Mr. Su Guifeng (‘Mr. Su’) resigned as an executive director of the Company and the member of the executive committee of the Board (‘Executive Committee’) due to his personal reasons. Mr. Ng Man Fung, Walter (‘Mr. Ng’) has been appointed as an independent non-executive director of the Company and member of each of the audit committee of the Board (‘Audit Committee’), the nomination committee of the Board (‘Nomination Committee’) and the remuneration committee of the Board (‘Remuneration Committee’). Mr. Ng, is an executive director of Mingfa Group (International) Co. Ltd. Ms. On Danita (‘Ms. On’) has been appointed as an independent non-executive director of the Company and member of each of the Audit Committee, Nomination Committee and Remuneration Committee. Ms. On, holds a bachelor degree in business administration from the Chinese University of Hong Kong and a master degree in finance from the London School of Business. Ms. On is a member of the Hong Kong Institute of Certified Public Accountants. Ms. On is currently the investor and corporate communications director of Chow Tai Fook Jewellery Company Limited. Mr. Huang Donglin, a non-executive director of the Company, has been appointed as a member of the Audit Committee.