Chuang's Consortium International Limited announced that Mr. Alan Chuang has retired from his position as the Chairman and ceased to be an Executive Director and the Authorized Agent. He has been appointed as the Honorary Chairman; Mr. Albert Chuang has been appointed as the Chairman and Managing Director, with effect from October 15, 2019. As Mr. Alan Chuang Shaw Swee (‘Mr. Alan Chuang') intends to devote more time to his personal life, he has retired from his position as the chairman of the company and ceased to be an executive director of the company and the company's agent for service of process in Hong Kong.

Mr. Albert Chuang, aged 39, has over 15 years of experience in property business and general management. He holds a bachelor degree of arts with major in economics. Mr. Albert Chuang joined the Group in 2005.

He was appointed as an Executive Director on 18 January 2007 and was re-designated as a Joint Managing Director since 12 April 2016 until his last appointment as the vice chairman of the Company on 6 October 2017. He is also the chairman of the corporate governance committee of the Company and the chairman of Chuang's China Investments Limited ("Chuang's China"), a subsidiary of the Company. He is a committee member (the Hong Kong Special Administrative Region) of the Tianjin Municipal Committee of the Chinese People's Political Consultative Conference and the Twelfth All-China Youth Federation.

Mr. Richard Hung has been re-designated as the Vice Chairman. Mr. Richard Hung had been a non-executive director of CNT Group Limited ("CNT") from 4 July 2016 to 5 June 2019, and the chairman and an executive director of Magnus Concordia Group Limited ("MCGL") from 27 February 2007 to 26 January 2018. Mr. Edwin Chong has been re-designated as the Deputy Managing Director.

Mr. Edwin Chong, aged 34, has 9 years of experience in architecture, interior design and general management. Mr. Edwin Chong was appointed as an Executive Director on 26 March 2013 and was re-designated as a joint managing director of the Company since 12 April 2016. Mr. Edwin Chong is subject to retirement by rotation and re-election at least once every 3 years pursuant to the Corporate Governance Code (Appendix 14) of the Listing Rules and the Bye-laws of the Company.