The board of directors of Mingfa Group (International) Company Limited announced that Mr. Liu Yuwei has been appointed as an executive director of the Company and Dr. Lam Lee G. has been appointed as a non-executive Director and the chairman of the Board with effect from 4 June 2021. In relation to the appointment of Mr. Liu and Dr. Lam, the Board considered the contribution Mr. Liu and Dr. Lam made towards the resumption of trading in the shares of the Company, and that the presence of Mr. Liu and Dr. Lam in the Board would provide the Board with a well-balanced diversity of background, professional qualification, exposure and experience in the PRC real estate sector and a number of other industries, and in-depth knowledge in corporate governance and Listing Rules compliance matters. Hence, the Board believes it is in the best interest of the Company to appoint Mr. Liu and Dr. Lam as executive Director and non-executive Director respectively. Mr. Liu, aged 50, was previously the executive president of Beijing Yongda Certified Tax Agent Co., Ltd., the general manager of Xiamen Chuhan Tax Agent Firm and Xiamen Chuhan Accounting Firm, the consultant for various medium and large-sized real estate enterprises, including Jianming (Xiamen) Real Estate Development Co., Ltd., Tai'an Hengdi Yudou Real Estate Development Co., Ltd. and Nanzhong Investment Group (Xiamen) Co., Ltd. as well as an executive Director of the Company. He was responsible for financial management and compliance matters. Mr. Liu graduated from Jimei Finance College in July 1991 majoring in financial credit for infrastructure works and qualified as an economist in 1996. After graduation, he had served in the taxation authority in Xiamen for many years and was mainly engaged in work such as financial audit and management for infrastructure and real estate enterprises. Mr. Liu has over 20 years of experience in the management of and consultation for various medium and large-sized enterprises in China, in particular extensive management and consultation experience in internal control, accounting and taxation, infrastructure and real estate industries. Dr. Lam, aged 61, has over 30 years of international experience in general management, strategy consulting, corporate governance, direct investment, investment banking and fund management. He is Chairman of Hong Kong Cyberport, a member of the Committee on Innovation, Technology and Re-Industrialization, the Governance Committee of the Hong Kong Growth Portfolio, and the Development Bureau Common Spatial Data Advisory Committee of the Hong Kong Special Administrative Region Government, Convenor of the Panel of Advisors on Building Management Disputes of the HKSAR Government Home Affairs Department, a member of the Court of the City University of Hong Kong and the Tencent Finance Academy (Hong Kong) Advisory Board, Chairman of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) Sustainable Business Network (ESBN), Vice Chairman of Pacific Basin Economic Council (PBEC), and a member of the Hong Kong Trade Development Council Belt and Road and Greater Bay Area Committee and the Sir Murray MacLehose Trust Fund Investment Advisory Committee. Dr. Lam holds a BSc in sciences and mathematics, an MSc in systems science and an MBA from the University of Ottawa in Canada, a post-graduate diploma in public administration from Carleton University in Canada, a post-graduate diploma in English and Hong Kong Law and an LLB (Hons) in law from Manchester Metropolitan University in the UK, a LLM in law from the University of Wolverhampton in the UK, a PCLL in law from the City University of Hong Kong, a Certificate in Professional Accountancy from the Chinese University of Hong Kong SCS, an MPA and a PhD from the University of Hong Kong. A former member of the Hong Kong Bar, Dr. Lam is a Solicitor of the High Court of Hong Kong, an Accredited Mediator of the Centre for Effective Dispute Resolution (CEDR), a Fellow of Certified Management Accountants (CMA) Australia, the Hong Kong Institute of Arbitrators, the Hong Kong Institute of Directors and the Institute of Corporate Directors Malaysia (ICDM) and an Honorary Fellow of Certified Public Accountants (CPA) Australia, the Hong Kong Institute of Facility Management and the University of Hong Kong School of Professional and Continuing Education. In 2019, Dr. Lam was awarded by the Hong Kong Government a Bronze Bauhinia Star for serving the public.