The board of directors of China Aircraft Leasing Group Holdings Limited announced that Mr. CHEN Shuang, an Executive Director, the Chairman and the Chief Executive Officer of the company, has stepped down from the position of the CEO with effect from 19 January 2017. Mr. CHEN remains as an Executive Director and the Chairman of the company. The Board announced that Mr. POON Ho Man has been appointed as the CEO and an Executive Director, immediately following Mr. CHEN's stepping down from the CEO, and a member of the Strategy Committee of the company with effect from 19 January 2017.

Mr. POON is responsible for formulating the Group's overall strategic planning and managing overall business operations.