The board of directors of Chinese People Holdings Company Limited announced that Mr. Fan Fangyi has been appointed as the managing Director and an executive Director and Mr. Jin Song has been re-designated from the managing Director and an executive Director to the non-executive Director, both with effect from 1 September 2015. The Changes have been approved by the Board and the nomination committee of the company. Mr. Fan joined the Group since December 2003.

He is currently the deputy president of Beijing Civigas Co. Ltd. Mr. Fan has over ten years of experience in the management of the Group and is familiar with the scope of the Group's operation in all aspect. Mr. Fan has extensive experiences in investment banking sector, auditing and merger and acquisition.

Mr. Jin Song joined the Company since 11 April 2005. Mr. Jin is currently a director and president of Beijing Civigas and he also acts as director posts in certain principal subsidiaries of the Group.