Composite Alliance Group Inc. announced that Jim Hsieh has resigned as Chief Executive Officer of the Company. The Company also announced the appointment of Serge Luquain as Chief Executive Officer of the Company. Mr. Luquain was appointed as Chief Technical Officer and elected as a director of CAG on January 24, 2019.

In December of 1986, Mr. Luquain, the founder and current Chief Executive Officer of Techni Modul Engineering S.A. ("TME"), a subsidiary of CAG, established Ordimoule S.A. ("Ordimoule"), a private company which specialized in the design and manufacture of industrial molds and focused on processing technologies of composite materials. In 1996, Mr. Luquain founded Techni-Modul S.A. ("Techni-Modul"), which specialized in the design and manufacture of special molding machines for the composite market. On April 25, 2008, Ordimoule and Techni-Modul merged to form TME.