The board of directors of AVIC Joy Holdings (HK) Limited announced that the board has received from Mr. Ren Yunan ('Mr. Ren') on December 1, 2017 a notification of resignation as a non-executive director and chairman of the board. Consequent upon the resignation of Mr. Ren, Mr. Ren also ceased to be the chairman of the board with effect from December 1, 2017.