Red Star Macalline Group Corporation Ltd. proposed to elect Mr. GUO Binghe as vice chairman of the third session of the board of directors of the company (the "Board"). The Board announced that the meeting of the Board convened on 28 November 2018 has resolved to approve the election of Mr. GUO Binghe as vice chairman of the third session of the Board with a term consistent with the current term of the Board. The company proposed to appoint Mr. QIAN Shizheng to serve as chairman of the audit committee of the company, Mr. LEE Kwan Hung as chairman of the nomination committee of the company and Mr. LEE Kwan Hung as member of the Audit Committee. On 28 November 2018, the Board has resolved to approve the appointment of Mr. QIAN Shizheng to serve as chairman of the Audit Committee with a term consistent with the current term of the Board. Mr. QIAN Shizheng has been a member of the Audit Committee prior to his appointment as chairman of the Audit Committee. On 28 November 2018, the Board has resolved to approve the appointment of Mr. LEE Kwan Hung to serve as chairman of the Nomination Committee and as member of the Audit Committee with a term consistent with the current term of the Board. Mr. LEE Kwan Hung has been a member of the Nomination Committee prior to his appointment as chairman of the Nomination Committee.