The board of directors of China Oceanwide Holdings Limited announced that with effect from 22 January 2020: Mr. HAN Xiaosheng ceased to be chief executive officer of the company with effect from 22 January 2020, but will remain as an executive director of the company, chairman of the Board and chairman of the nomination committee under the Board as well as a director of various subsidiaries of the Company; and Mr. WU Chen has been re-designated from deputy CEO to CEO. The Board also announced that with effect from 22 January 2020, Mr. LIU
Hongwei, the executive Director, has been appointed as deputy chairman of the Board. Mr. LIU Hongwei currently a non-executive director of CuDECO Limited.