The board of directors of China Investment and Finance Group Limited announced that Mr. FONG On Shek has been appointed as a non-executive director with effect from July 19, 2017. Mr. FONG has over 20 years' solid experience in senior management positions in various industries. He has entered into a service contract as a non-executive director with the company and is not appointed for a fixed term but will be subject to retirement by rotation and re-election at general meeting of the company in accordance with the company's articles of association.