Zheng Li Holdings Limited announced that Mr. Lim Kong Joo has tendered his resignation as executive director of the company with effect from April 23, 2018 due to personal reasons. The board further announced that it has resolved to appoint Mr. Wu Tangqing as non-executive director of the company with effect from April 23, 2018. Mr. Wu is the chairman of and has served as the chairman of from March 2013 to August 2014. Mr. Wu has extensive experiences in finance, management and sales in the automobile industry, and obtained the qualifications of EMBA in Beijing University in 2014. Mr.Wu has entered into a service contract with the company for a term of three years commenced from 23 April 2018 and shall retire and be subject to re-election in the forthcoming annual general meeting of the company.