The board of directors of China First Capital Group Limited announced that, due to re-division of roles and responsibilities, with effect from 26 July 2017: Mr. Zhao Zhijun, the existing chief executive officer of the company and an executive Director, has been re-designated as a co-chief executive officer of the company, but will remain as an executive Director; and Mr. Zhu Huanqiang, an existing deputy chief executive officer of the company, has been appointed as a Co-CEO. Mr. Zhao and Mr. Zhu will be separately responsible for the development, operations and management of different business segments of the Group. In particular, Mr. Zhao will focus on developing and managing the automotive parts business of the Group while Mr. Zhu will focus on developing and managing the education operation business and financial service business of the Group. Mr. Zhao, aged 42, was appointed as the chief executive officer of the company and an executive Director on 22 May 2011. Mr. Zhao is also a director of a number of subsidiaries of the company. He joined the Group in 2005. He served as a general manager of Nanyang business department of Minsheng Securities Co. Ltd. from 2002 to 2005. Mr. Zhu, aged 47, was appointed as a deputy chief executive officer of the company on 11 October 2016. Prior to the re-designation as a Co-CEO.