The board of directors of Ground International Development Limited announced that Wang Guanghui had tendered his resignation as an executive Director and the chief executive officer of the company and all other positions with the subsidiaries of the Company in order to focus on his other business development. Mr. Xiang Qiang, previously an independent non-executive Director, has been re-designated as an executive Director and appointed as the chief executive officer of the Company. Mr. Xiang, had been an independent non-executive Director since August 2016 until his re-designation as an executive Director.

Mr. Xiang has over 21 years of extensive senior managerial experience. He has been an independent non-executive director of Jutal Offshore Oil Services Limited since May 2008. Mr. Xiang had ceased to be a member of the audit committee and the remuneration committee of the Company.

Mr. Xiang had also ceased to be the chairman and a member of the nomination committee of the company. Mr. Zhu Zuoan, an independent non-executive Director and previously a member of the Nomination Committee, has been appointed as the chairman of the Nomination Committee.