The board of directors of China Ocean Industry Group Limited announced that with effect from 20 July 2020 Zhang Chuanjun has been appointed as an executive Director. He has over 28 years of experience in accounting, corporate finance and treasury. Zhang currently serves as the partner of Hangzhou Yutao Asset Management Partnership. Prior to joining the Company, Zhang served as an executive director and the chief financial officer of AVIC International Holding (HK) Limited, an executive director and a vice president of China Environmental Investment Holdings Limited and an executive director of Mongolia Investment Group Limited. He was also the deputy chief financial officer of AVIC International Holding Corporation and was also the chief financial officer of AVIC International (HK) Group Limited.