Tianjin Development Holdings Limited announced the following changes with effect from 29 August 2019: Dr. Cui Di has resigned as Executive Director and Deputy General Manager of the Company and ceased to be an authorised representative of the Company; Dr. Yang Chuan has resigned as Executive Director of the Company; Mr. Wang Zhiyong, an existing Executive Director and General Manager of the Company, has been appointed as the Chairman of the Board as well as the Chairman of the nomination committee of the Company; Mr. Chen Yanhua has been appointed as Executive Director and General Manager of the Company; Dr. Li Xiaoguang has been appointed as Executive Director and Deputy General Manager and an authorised representative of the Company; Mr. Zhuang Qifei has been appointed as Executive Director and Deputy General Manager of the Company; and Mr. Cui Xiaofei has been appointed as Executive Director and Deputy General Manager of the Company. Mr. WANG Zhiyong, aged 47, was appointed as an Executive Director of the Company on 27 October 2009 and the General Manager on 16 July 2014. He is also a member of each of the nomination committee, remuneration committee and investment committee of the Company as well as an authorised representative of the Company as required under Rule 3.05 of the Listing Rules. Mr. Wang is currently the Chairman of Tsinlien Group Company Limited and Tianjin Tsinlien Investment Holdings Co. Ltd. both being controlling shareholders of the Company. Mr. Chen is currently a director and general manager of Tsinlien and Tsinlien Investment Holdings. Dr. Li Xiaoguang currently a director and deputy general manager of Tsinlien and Tsinlien Investment Holdings, and concurrently the Chairman of Tianjin Bohai State-owned Capital Research Institute Co. Ltd. Mr. Zhuang is currently a deputy general manager of Tsinlien and Tsinlien Investment Holdings. Mr. Cui Xiaofei is currently a deputy general manager of Tsinlien and Tsinlien Investment Holdings.