The board of directors of Oriental University City Holdings (H.K.) Limited announced that with effect from the conclusion of the general meeting of the Company held on December 20, 2018, Mr. Guo Shaozeng has been appointed as an independent non-executive Director of the Company. Guo has entered into a letter of appointment with the Company for a term of three years commencing on December 20, 2018. Mr. Guo, aged 55, has extensive experience in strategy development, investment and acquisition in real estate, industrial new town, ecological environment and health areas in the People's Republic of China (the "PRC"). The Board further announced that with effect from the Conclusion: (a) Mr. Wilson Teh Boon Piaw, an INED, has resigned as a member of the audit committee of the Company (the "Audit Committee"); (b) Mr. Tan Yeow Hiang, Kenneth, an INED, has resigned as the chairman and a member of the nomination committee of the Company (the "Nomination Committee"); (c) Mr. Lam Bing Lun, Philip, an INED, has resigned as a member of the risk management committee of the Company (the "Risk Management Committee"); (d) Mr. Liu Ying Chun ("Mr. Liu"), an executive Director, has been appointed as a member of the Risk Management Committee; and (e) Mr. Guo has been appointed as the chairman of the Nomination Committee and a member of the Audit Committee.