The board of directors of Jingrui Holdings Limited announced that Mr. Xu Hai Feng (‘Mr. Xu’) has been appointed as an executive director of the company with effect from March 15, 2018. Mr. Xu Hai Feng is the executive president of Jingrui Properties (Group) Co. Ltd., which is a subsidiary of the company. Since August 2017, Mr.Xu has been appointed as the executive president of Jingrui Properties. He is primarily in charge of the overall operation and management of the Group's real estate business.