Billion Industrial Holdings Limited announced that Mr. Zeng Wu has tendered his resignation as a non-executive Director and a co-chairman of the Board in order to devote more time to his other professional endeavors; and Mr. Ma Yuliang has tendered his resignation as an independent non-executive Director in order to devote more time to his other professional endeavors, both with effect from 18 May 2019. Upon his resignation, Mr. Ma also ceased to be a member of the Audit Committee and the Remuneration Committee of the Board with effect from 18 May 2019. The Board further announced that Mr. Zhang Shengbai has been appointed as a non-executive Director and a co-chairman of the Board; and Mr. Lin Jian Ming has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee of the Board, both with effect from 18 May 2019. Mr. Zhang joined Chongqing China Energy Conservation Co. Ltd. in March 2007 and was promoted as the chairman and general manager in January 2019.