China Infrastructure & Logistics Group Ltd. announced that Peng Chi has been appointed as an executive Director and co-chairman of the Board with effect from September 10, 2019. He has been appointed as an independent non-executive director of Zall Smart Commerce Group Ltd. from June 2011 to April 2016 and was re-designated as an executive director from April 2016 to July 2018. As an executive Director and co-chairman of the Board, he will be responsible for the overall strategic development of the company and the evaluation and expansion of new businesses, and will preside over the overall work of the Board and the company's operation management to achieve the company's operating performance objectives. He has entered into a service agreement with the company for a term of three years. Upon the appointment of Peng Chi as an executive Director and co-chairman of the Board, Yan Zhi, a non-executive Director has been re-designated from the position of chairman to co-chairman of the Board with effect from September 10, 2019.