CIAM Group Limited announced that Mr. Chan Peng Kuan has tendered his resignation as a Non-executive Director of the company with effect from May 31, 2013 due to his desire to pursue other personal commitments. The Board also announced that Mr. Huang Bin has been appointed as a Non-executive Director of the company with effect from May 31, 2013. Mr. Huang, aged 47, is a director of CITIC International Assets Management Limited.

He joined CITIC Group and founded CITIC Merchant Co. Ltd. in 2005 and is currently the president and a director of CITIC Merchant Co., Limited.