Carnival Group International Holdings Limited announced executive changes. Mr. King Pak Fu resigned as chief executive officer of the Company due to work reallocation, and remains as the Chairman of the Board and an executive Director; and Mr. Li Wanle was appointed as an executive Director and the chief executive officer of the Company. Mr. Li, prior to joining the company, Mr. Li was a director, member of the directors' strategical committee and vice president of Rise Sun Real Estate Development Co.

Ltd. from June 2004 to March 2017. Mr. Li has more than 15 years of experience in the field of real estate.