Hao Bai International (Cayman) Limited announced Ms. Wang Rui was appointed as a non-executive Director of the Company, Ms. Wang Rui, aged 30, has numerous years of experience in property project management and she is currently a vice general manager of Langfang Xiangda Real Estate Development Co. Ltd. a subsidiary of Tianjin Long Chang Investment Group Co. Ltd. and responsible for the management of the China Rosewood City project which is one of the largest real estate projects in northern People's Republic of China the PRC. Mr. Lau Wai Hung was appointed as an independent non-executive Director, chairman of the Remuneration Committee and member of the Audit Committee and Nomination Committee of the Company Mr. Lau Wai Hung, aged 42, has over 20 years of experience in finance, accounting and auditing and corporate development advisory. Mr. Lau served as the financial controller and company secretary of Chanco International Group Limited (with its name changed to Ascent International Holdings Limited effective from 14 June 2016) from July 2002 to April 2015. and Ms. Chan So Fong has resigned as an independent non-executive Director and ceased to be chairman of the Remuneration Committee and member of the Audit Committee and Nomination Committee of the Company.