Chong Hing Bank Limited announced that Mr. Wang Xiaoming has resigned as a non-executive director of the Bank because of the reallocation of duties within the COSCO Group and Mr. He Jiale has been appointed a non-executive director of the Bank. Mr. He, aged 57, has been appointed as an executive director of COSCO Pacific Limited and COSCO International Holdings Limited since January 2009 and April 2012 respectively. He is also the financial controller of COSCO (Hong Kong) Group Limited and a director of certain subsidiaries of China COSCO Holdings Company Limited. Mr. He joined the COSCO Group in 1974. He was the chief accountant of COSCO Container Lines Company Limited in 1998 and the financial controller of COSCO (Hong Kong) Group Limited in 2003. He was also an executive director of COSCO Pacific Limited and COSCO International Holdings Limited during 2003 to 2005 and 2003 to 2006 respectively. Mr. He had been the deputy director of the Finance Division of Shanghai Ocean Shipping Company, the deputy general manager of finance department of the COSCO Container Lines, the deputy general manager of finance and capital department of China Ocean Shipping (Group) Company, the chief accountant of COSCO Container Lines Company Limited and the Chief Financial Officer of China COSCO Holdings Company Limited. Mr. He has over 30 years of experience in the shipping industry and has extensive experience in corporate finance and finance management.