The board of directors of AVIC Joy Holdings (HK) Limited announced that with effect from 7 December 2017, Mr. Guan Liqun (Mr. Guan) has been appointed as the Chief Executive Officer of the company; and Mr. Wu Xiaodong (Mr. Wu) has been appointed as the Chief Financial Officer of the company. Mr. Guan has over 30 years of working experience in the field of administrative management. Mr. Guan is currently the Chief Executive Officer of AVIC International (HK) Group Limited, a substantial shareholder of the Company, and was previously the department head of the administrative management department of AVIC International Holding Corporation (AVIC Int'l), a substantial shareholder of the company.

Mr. Wu has over 20 years of working experience in the fields of finance and corporate finance. Mr. Wu is currently the Chief Accountant of CATIC International Trade & Economic Development Limited and was previously the Deputy Chief Accountant of Joy Air Holdings Limited and the deputy department head of the finance department of AVIC Int'l.