The board of directors of Great China Holdings Limited announces that Mr. GAO Keqin has been appointed as an executive Director with effect from 1 December 2018. He is currently a director of Shanghai Chengzhi Automobile Sales Co. Ltd. and the legal representative and executive director of Shanghai Tianxi Vehicle Service Co. Ltd. Mr. GAO has entered into the service agreements with the Company and the Group for a term from 1 December 2018 to 22 June 2019 and 30 November 2020, respectively.