The board of directors of Guangnan (Holdings) Limited announced the appointment of Mr. Lau Kin Man as an Executive Director and the Chief Financial Officer of the Company with effect from 10 June 2016. Mr. Lau Kin Man, aged 58, is the Chief Financial Officer of the Company and a director of Gain First Investments Limited. He is also a director and chief financial officer of Zhongyue Industry Material Limited and Zhongshan Zhongyue Tinplate Industrial Co.

Ltd. Since October 1987, Mr. Lau had been director and chief financial officer of certain subsidiaries of the hotel operation and management business and water resources business of Guangdong Investment Limited.