The board of directors of China Trustful Group Limited, together with its subsidiaries, announced that Mr. Tao Wah Wai Calvin has been appointed as an executive director of the Company, Mr. Hu Chao has been appointed as an independent non-executive director of the company, and the Chairman of Remuneration Committee and each of the member of the Nomination Committee and Audit Committee with effect from 23 December 2020. Mr. Tao is currently the Director of Premium Bright Corporate Advisory Limited. Mr. Tao has extensive knowledge in corporate finance transactions in Hong Kong. He is well experienced for working in mergers & acquisition, analysing financial and market data, responsible for coordinating and supporting integration planning for acquisitions, and taking deals through the full process to successful completion. Mr. Hu has extensive experience in legal consultation and had been providing consultancy services for various businesses in the PRC. Mr. Hu currently serves as independent non-executive director of GT Group Holdings Limited. Mr. Hu currently serves as independent non-executive director of CL Group (Holdings) Limited. Mr. Hu was appointed as executive director of Farnova Group Holdings Limited.