China Hongqiao Group Limited announced that with effect from 2 February 2018, Mr. Chen Yisong has resigned to act as a non-executive Director with effect from 2 February 2018 due to work arrangement within CTI Capital Management Limited; and Mr. Zhang Hao ceased to act as an alternate Director to Mr. Chen with effect from 2 February 2018 subsequent to the resignation of Mr. Chen due to the same reason. Following the resignation, Mr. Chen was appointed as strategy and development consultant of the company, with effect from 2 February 2018.