China Hongqiao Group Limited announced that Mr. Chen Yisong has been appointed as a non-executive Director with effect from 31 August 2018. In the meantime of the above appointment, Mr. Chen will resign as the strategic development consultant of the Company. Since June 2014, Mr. Chen has been the chairman of the board of directors and the secretary of the Communist Party Committee of CITIC Trust Co. Ltd. and concurrently served as the chairman of China Trustee Association. The Board also announced that Mr. Zhang Hao has been appointed as an alternate Director to Mr. Chen with effect from 31 August 2018. Since August 2014, Mr. Zhang has served as the chief executive officer and the executive director of CTICM and also served in CTI Capital Hong Kong Limited.