The board of directors of China First Capital Group Limited announced that Ms. Li Minwen has been appointed as the chief operating officer of the company with effect from 4 November 2016. From February 2013 to November 2016, Ms. Li served as an executive director and head of channel management department of China Merchants Securities (HK) Co., Limited. As the chief operating officer of the company, Ms. Li will be responsible for integrated management of daily operation matters of the middle and back office of the Group; enhancing management standard of various departments of the middle and back office of the Group; and facilitating collaboration and cooperation among various departments of the Group.