The board of directors of Guoan International Limited announced that Ms. BAI Wei has been appointed as Non-Executive Director of the company with effect from 23 August 2018. Ms. BAI was an executive manager of an advertisement company in the early years. In 2009, Ms. BAI joined the capital operation department of CITIC Guoan Group. In 2016, she was promoted as deputy manager of capital operation department, mainly responsible for capital operation, fund management and overseas investment management. At the same time, she is also a director or a supervisor of the senior management of a number of the subsidiary companies of CITIC Guoan Group. The Board announced that Mr. YANG Li Ming (Mr. YANG) has resigned as non-executive director of the company with effect from 23 August 2018 with a desire for further development of his own career in the future. With effect from 23 August 2018, Ms. BAI has been appointed as a member of the Audit Committee and Mr. YANG has resigned as a member of the Audit Committee.