The board of directors of Capital Environment Holdings Limited announced that Ms. Zhang Meng has resigned as an executive director, the chairlady of the Board, authorised representative, member and chairman of nomination committee and member of remuneration committee of the company due to her commitment to other career development, all with effect from 25 November 2019. The board also announced that the executive director and the chief executive officer of the company, Mr. Cao Guoxian, has been re-designated as an executive director, the chairman of the board, authorised representative, member and chairman of nomination committee and member of remuneration committee of the company; and he is no longer to serve as the chief executive officer of the company, all with effect from 25 November 2019. The board also announced that, Mr. Li Fujing has been appointed as an executive director and the chief executive officer of the Company, with effect from 25 November 2019. Before joining the company, he worked as the Co. Ltd. He has rich experience in enterprise management and operation, investment, financing and risk management and other enterprise management work, as well as work at overseas enterprises. He worked as an engineer at Baicheng Engineering Technology
(Beijing) Co. Ltd. and the project manager at the infrastructure consulting department of Beijing Municipal Engineering Consulting Corporation.