The Board of Shanghai Jin Jiang International Hotels (Group) Company Limited announced that Mr. Ma Mingju has been nominated as an executive Director. The appointment of Mr. Ma Mingju as an executive Director shall be subject to the approval of the general meeting of the Company. Mr. Zhang Qian has tendered his resignation as a chief executive officer of the company due to a change of work arrangements with effect from 23 November 2018.

Mr. Zhang Qian position as executive director remains unchanged. Mr. Ma Mingju has been appointed as a chief executive officer of the company with effect from 23 November 2018. Mr. Ma Mingju, aged 57, a senior accountant with a master's degree in business administration from the Asia International Open University (Macau).

Mr. Ma joined the Group in 2005 and was formerly a supervisor of the Company, a director of Jin Jiang Inn Company Limited. Mr. Ma is currently the vice president and general manager of the Finance Business Division of Jin Jiang International Holdings Company Limited, the chairman of Shanghai Jin Jiang International Investment and Management Company Limited, the supervisor of Shanghai Jin Jiang International Hotels Development Company Limited, the director of Shanghai Jin Jiang International Industrial Investment Company Limited, the director of Beijing Kunlun Hotel Company Limited and the chairman of Jin Jiang International Finance Company Limited, respectively.