The board of directors of Xinming China Holdings Limited announced that with effect from 5 February 2020, Mr. Chen Chengshou ceased to be the authorized representative of the company under rule 3.05 of the rules governing the listing of securities on The Stock Exchange of Hong Kong Limited due to his intention to focus on his other roles in the board but will remain in his position as executive director of the company; Mr. Chou Chiu Ho has been appointed as an Executive Director and the authorized representative; and Mr. Pu Wei has been appointed as an executive director. Mr. Chou, aged 38, has over 10 years of experience in accounting and auditing. Prior to joining the Group, he worked in an accounting firm from September 2003 to January 2006, with his last position being semi-senior auditor. He then joined PricewaterhouseCoopers from January 2006 to December 2010. From January 2011 to March 2012, Mr. Chou worked as the head of corporate services of Beijing Sports and Entertainment Industry Group Limited. Since April 2013, Mr. Chou has been working as the financial controller and company secretary of Millennium Pacific Group Holdings Limited and he was working as financial controller until March 2017. Mr. Chou also served as the chief financial officer of HF Financial Group Limited (currently known as HF Finance Group (China) Limited) (and subsequently transferred to HF Management (China) Limited) from January 2015 to July 2016. He has been the company secretary and financial controller of Prime Intelligence Solutions Group Limited since September 2015 and November 2016, respectively. Since September 2017, Mr. Chou has been the director of Archon Prime Strategic Investment (Group) Limited. Mr. Pu, aged 45, has extensive experience in the management of real estate and energy related companies in the People’s Republic of China. Mr. Pu was the executive director and chief operating officer and co-chief executive officer of Enviro Energy International Holdings Limited (formerly known as SYS Solutions Holdings Limited) from January 2017 to November 2017. He has been the supervisor of Wuxi Everbright Energy Technology Development Co. Ltd. since July 2003.