The board of directors of Hong Kong Resources Holdings Company Limited announced that with effect from 13 July 2019, Mr. Xu Zhigang, an executive Director and Chief Executive Officer, has resigned as the chairman of the Nomination Committee of the Company; Mr. Li Ning, an executive Director and chairman of the Board, has been appointed as the chairman of the Nomination Committee of the Company; and Mr. Hu Hongwei, a non-executive Director, has been re-designated as an executive Director of the company. Mr. Hu Hongwei (Mr. Hu), aged 39, is an attorney-at-law admitted to practice in China. He was graduated from Fudan University with a Bachelor of Laws (LLB) degree and Master of Laws (LLM) degree. He is currently a partner of Shanghai office of Dentons. He has extensive experience in legal aspects of cross-border investment, restructuring and mergers and acquisitions practice. Mr. Hu has been an independent non-executive director of Tenwow International Holdings Limited from 26 November 2018 and re-designated as a non-executive Director on 12 July 2019. Mr. Hu had served as an independent non-executive director, a non-executive director and an executive director of Titan Petrochemicals Group Limited respectively from November 2015 to February 2018.