The board of directors of Coastal Greenland Limited announced that Mr. Tao Lin has tendered his resignation as an executive Director and the chairman of the investment committee of the Company with effect from 14 December 2018 due to his other commitments. The Board announced that Mr. Xia Xianglong has been re-designated from a member to the chairman of the Investment Committee to fill the vacancy arising from the resignation of Mr. Tao with effect from 14 December 2018. The Board announced that Mr. Lin Chen Hsin has been appointed as an executive Director and a member of the Investment Committee with effect from 14 December 2018. Mr. Lin, aged 75, is responsible for administration of the Group's Hong Kong office and the public relations of the Group. He has over 20 years' experience in import and export trading and manufacturing. He is also an independent director of ISR Capital Limited, from March 2017 up to the present.