The Board of Directors of China Ever Grand Financial Leasing Group Co., Ltd. Limited announced the appointment of Mr. Qiao Weibing (Mr. Qiao) as an Executive Director of the Company with effect from 17 March 2016. Mr. Qiao has over 20 years working experience in the government regulatory authorities and financial institutions in the Peoples Republic of China (the PRC).Mr. Qiao is currently the chief investment officer of the company and the chairman and chief executive officer of Beijing Ever Grand International Finance Lease Co., Ltd., a subsidiary of the Company in the PRC. Mr. Feng Gang has resigned as an Executive Director of the Company with effect from 17 March 2016.