The board of directors of Beijing Urban Construction Design & Development Group Co., Limited announced that relevant resolutions have been passed at a Board meeting held on 31 July 2019 to propose the appointment of Mr. Ma Xufei ("Mr. Ma") as the Independent Non-executive Director, to fill in the vacancy with the resignation of Mr. Yim Fung. The appointment is subject to the approval by the shareholders of the Company at an extraordinary general meeting by way of an ordinary resolution. Mr. Ma Xufei is currently a professor (tenure) and a doctoral tutor at the Department of Management of the College of Business of City University of Hong Kong. Mr. Ma taught at the Department of Management of the College of Business of Chinese University of Hong Kong from 2007 to 2018, and acted as the director of the Entrepreneurship Research Center and International Business Research Center of Chinese University of Hong Kong. He joined City University of Hong Kong in 2018, and currently acts as a professor (tenure) and a doctoral tutor at the Department of Management of the College of Business. The Board announced that relevant resolutions have been passed at a meeting of the board of supervisors held on 31 July 2019 to propose the appointment of Mr. Liang Wangnan ("Mr. Liang") as a Supervisor, to fill in the vacancy with the resignation of Ms. Zhao Hong. The appointment is subject to the approval by the shareholders of the Company at an extraordinary general meeting by way of an ordinary resolution. Mr. Liang Wangnan is currently the general manager of the second fund investment department of State-owned Capital Operation and Management Center of Beijing. Mr. Liang acted as a cadre of Beijing Grain Group Co. Ltd. from August 1996 to March 2003, a cadre of the commerce and trade work committee of Beijing Municipal Committee from March 2003 to November 2003, a cadre of State-owned Assets Supervision and Administration Commission of The People's Government of Beijing Municipality from November 2003 to May 2009, and has been working in the State-owned Capital Operation and Management Center of Beijing since May 2009, acting successively as the deputy general manager and general manager of the human resources department, the general manager of the human resources department and deputy general manager (in charge) of the fund investment department, general manager (department head) of the human resources department (organization department) and deputy general manager (in charge) of the fund investment department, general manager of the fund investment department and general manager of the second fund investment department.