The board of Directors of National Investments Fund Limited announced that on 28 August 2019, Mr. Huang Hu has been appointed as a non-executive Director with effect from 28 August 2019. He was appointed as general manager of Hunan Xiangyi Investment Private Fund Management Co. Ltd. from December 2016 to June 2017. Mr. Huang has been appointed as general manager of Hunan Xmig Investment Group Co. Ltd. since July 2017. Mr. Huang is currently acting as a director of China Mergers and Acquisitions Association.