Composite Alliance Group Inc. announced that Jim Hsieh has resigned as President and a director of the Company. The Company also announced the appointment of Serge Luquain as President 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.