GT Group Holdings Limited announced that Dr. Zhang Guoqing has resigned as executive director and chairman of the company with effect from 15 July 2015 due to his other business commitments which require more of his dedications. Dr. Zhang has confirmed that he does not have any disagreement with the board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company and the Stock Exchange of Hong Kong Limited. The board would like to take this opportunity to thank Dr. Zhang for his invaluable contribution to the company during his tenure of office.

Mr. Li Dong has been appointed as executive director and chairman of the company with effect from 15 July 2015. Prior to joining the Group, Mr. Li has worked as senior management for various banks in the PRC. He was the deputy governor of both Haikou Branch and Chengdu Branch of Shenzhen Development Bank from 2000 to 2005.

He worked as the deputy governor of Chongqing Branch of Industrial Bank from 2005 to 2008. Mr. Li was appointed as the deputy governor of Chongqing Branch of Evergrowing Bank from 2009 to 2010. He was the governor of Chongqing Branch of Harbin Bank from 2010 to 2014.

He has extensive experience in banking, finance, risk management and treasury planning for over 20 years.