The board of directors of Million Cities Holdings Limited announced that Mr. Cheng Kwan Kuen has been appointed as an executive Director and a member of the executive committee of the with effect from 30 March 2020. Mr. Cheng Kwan Kuen, joined the Company as General Manager on 2 March 2020. Mr. Cheng graduated from University of Wales, the United Kingdom, with a master's degree in business administration. Mr. Cheng has 39 years of experience in the real estate industry, including over 30 years of experience in real estate development and operation management in China. Mr. Cheng worked for a number of well-known real estate companies including Henderson Land Development Company Limited, Henderson (China) Investment Co. Ltd., Zhejiang Centaline/Nanjing Centaline and Yat Chau Holding, where he was responsible for management of such companies. He has vast experience in the operation management of real estate.