Goldstream Investment Limited announced that Dr. Lin Tun (Dr. Lin) has tendered his resignation as an executive director, the chief executive officer of the company, one of the authorised representatives, and an authorised representative for accepting service of process and notices on behalf of the company as required under part 16 of the companies ordinance with effect from 31 May 2022 due to his personal reasons to focus on his personal affairs. Dr. Lin has no disagreement with the board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company. Subsequent to the resignation of Dr. Lin, Mr. Zhao John Huan (Mr. Zhao), an executive director and the chairman of the board, has been appointed as the chief executive officer with effect from 31 May 2022.

Mr. Zhao, aged 59, was appointed an executive director in December 2018. Zhao is the chairman of Hony Capital Limited which is an alternative investment management group focusing on opportunities in China. Mr. Zhao has extensive experience in senior management positions at several public companies, including as a non-executive director of Legend Holdings Limited, a non-executive director of China Glass Holdings Limited a non-executive director of Lenovo Group Limited, a non-executive director of Zoomlion Heavy Industry Science and Technology Co., Ltd, an executive director and the chairman of the board of Best Food Holding Company Limited, a non-executive director of ENN Natural Gas Co.

Ltd. a non-executive director of Simcere Pharmaceutical Group Limited and was a non-executive director of Eros STX Global Corporation until April 2022 and a non-executive director of Shanghai Jin Jiang International Hotels Co. Ltd. until May 2022. Mr. Zhao graduated with a bachelor's degree in Physics from Nanjing University.

Zhao also obtained dual Master's degrees in Electronic Engineering and Physics from Northern Illinois University, and a master of management degree from the Kellogg School of Management at Northwestern University. Mr. Zhao has been appointed as the chief executive officer, there is no separation between the roles of the chairman and the chief executive officer. Although the responsibilities of the chairman and the chief executive officer are vested in one person, all major decisions are made in consultation with the members of the Board and the senior management of the company.

The board also considers that the current structure allows efficient implementation of the company's strategies.