The board of directors Of Shougang Concord International Enterprises Company Limited announced that with effect from 21 May 2018, Mr. Xu Liang has been appointed as an Executive Director and a member of the Executive Committee of the Company, and Mr. Ho Gilbert Chi Hang has been appointed as a Non-executive Director and a member of the Audit Committee of the Company. Mr. Xu is the managing director of Shougang Holding (Hong Kong) Limited (Shougang Holding), a subsidiary of Shougang Group. He is also an executive director and the chairman of each of Shougang Concord Grand (Group) Limited and Global Digital Creations Holdings Limited. Mr. Xu has extensive experience in management. Mr. Ho Gilbert Chi Hang has extensive experience in the area of corporate management, investments, corporate finance, merger and acquisition transactions and international brand and retail management. He was the managing partner of AID Partners Capital Limited and the executive director and chief executive officer of AID Partners Technology Holdings Limited. The Board also announced that Mr. Shu Hong as resigned as an Executive Director and the Deputy Managing Director of the Company with effect from 21 May 2018 but remains as a deputy general manager of the Group which requires more of his dedication. Following his resignation with effect from 21 May 2018, Mr. Shu has ceased to be a member of the Executive Committee of the Company.