The board of directors of Golden Eagle Retail Group Limited announced that Chen Yihang has been appointed as the chief executive officer of the Company and Wang Hung, Roger has tendered his resignation as chief executive officer, both with effect from 26 August 2020. Chen has nearly 15 years of experience in merchandise and operation management. From 2007 to January 2020, he worked in Wanda Group, during which he was responsible for the merchandise and operation management in various regions. In 2015, he was transferred to the headquarter of Wanda Commercial Management Group and was responsible for the operation management of the Northern/Eastern China Operation Center. He was later appointed as the assistant president of Wanda in 2018, being responsible for the operation management of the Southeast/Southern China Operation Center and led the team to complete all performance targets of Wanda and took the leading position in the market.