The Board of Directors of Redco Properties Group Limited announced that Mr. Wang Weifeng has been appointed as an Executive Director with effect from April 15, 2019. He joined the group as a president of the property holdings group in March 2019, primarily responsible for the day-to-day management of the property holdings group. He has substantive experience in relation to property development. Prior to joining the group, he was the deputy executive officer and executive officer of Excellence Real Estate Group Limited from March 2012 to March 2019.