Rivera (Holdings) Limited announced that Madam Fan Suxia has resigned as an executive director of the Company and has therefore ceased to act as a member of the executive committee of the Board of the Company (the "Executive Committee"). With effect from August 16, 2019 and Mr. Wang Fahua will resign as an executive director of the Company and will then cease to act as a member of the Executive Committee, with effect from August 17, 2019. The board appointed Mr. Tong Chi Kar Charles will be appointed as an executive director of the Company and a member of the Executive Committee; and Mr. Zhao Haisheng will be appointed as an executive director of the Company and a member of the Executive Committee, with effect from August 17, 2019. In addition, Mr. Charles Tong was a member of the 13th Tianjin Municipal Committee of the Chinese People's Political Consultative Conference during the period from January 2013 to January 2018. Mr. Zhao joined Shanghai Zhangjiang (Group) Co. Ltd. ("Zhangjiang Group") in September 2006 and worked in Financial Management Department. He was subsequently transferred to Shanghai Zhangjiang Hi-Tech Park Development Co. Ltd. ("Zhangjiang Hi-Tech") in March 2015 to act as the general manager of former Real Estate Fund Department.