Chinese Global Investors Group Ltd. announced that the Board has approved Mr. Orr Joseph Wai Shing's appointment as Chief Executive Office & Executive Director. The company also announced the resignation of Mr. U Keng Tin ("Mr. U") as the Acting Chairman and Executive Director of the Company. Following his resignation, he will cease to be a member of the Investment Committee with effect from 16 December 2019. Mr. Chin Chi Ling Alexander, an Independent Director of the Company, will assume
additional responsibilities and has been re-designated as the Independent Non-executive Chairman of the Board with effect from 16 December 2019.