The Board of Coastal Greenland Limited announced that Ms. Wang Hongmei has tendered her resignation as an executive Director and a member of the Investment Committee with effect from 1 June 2016 due to her decision to devote more time to her personal endeavours. The Board also announced that Mr. Xia Xianglong ("Mr. Xia") has been appointed as an executive Director and a member of the Investment Committee; and Mr. Huang Xihua as an independent non-executive Director and a member of the audit committee of the Board and the nomination committee of the Board with effect from 1 June 2016. Mr. Xia Prior to joining the Group from 2000 to 2005, Mr. Xia had served in Kingdee Software (China) Co. Ltd., as a finance manager, and then a general manager of the finance department of such group. Mr. Huang had served in China Railway No.5 Engineering (Group) Co. Ltd. and had held the positions as the head, general manager and chairman from 1999 to 2002 and chairman of China Railway No. 2 Engineering Group Co. Ltd. (a company listed on the Shanghai Stock Exchange) from 2002 to 2007, a designated director of China Railway Group Limited in 2007, the executive president of Hainan Boao Investment Holding Ltd. of CITIC Group Corporation in 2008 and an independent director of Bridge Trust Co. Ltd. from 2007 to 2010.