Carnival Group International Holdings Limited announced that with effect from 15 March 2018, Mr. Wang Chunning resigned as chief executive officer of the Company due to work reallocation and he was appointed as the vice chairman of the Board. Mr. Wu Yanqi was appointed as an executive Director and the chief executive officer of the Company and Mr. Li Jing was appointed as an executive Director. Mr. Wang, was appointed as an executive Director on 26 October 2017.

Mr. Wang served as the product manager in the trade and finance department of the head office of China Minsheng Banking Corporation Limited from October 2006 to June 2012. He joined Shanghai branch of Evergrowing Bank Co. Ltd. in January 2016 and served as governor assistant from May 2016 to September 2017, where he was responsible for corporate business.

Mr. Wu worked for China Merchants Bank from April 2000 to March 2018 and held various senior positions including general manager of real estate finance headquarters in China Merchants Bank Shenzhen Branch and was responsible for provision of loan financing to real estate companies. Mr. Li worked in Sunac China Holdings Limited from March 2009 to December 2014, where he served as the general manager of research and development center and Hangzhou regional deputy general manager. Mr. Li served as the vice president and Beijing regional general manager in Tahoe Group Co.

Ltd., where he was responsible for property development and management, from January 2015 to November 2016.