The board of directors of China Travel International Investment Hong Kong Limited announced that Mr. Yang Hao has been appointed as an Executive Director of the Company with effect from 14 December 2018. Mr. Yang, aged 42, is a director of Hongkong New Travel Investments Ltd. the substantial shareholder of the Company; a director and the executive deputy general manager of China Travel Financial Investment Holdings Co., Limited, a subsidiary of the Company's controller shareholder China Travel Service (Holdings) Hong Kong Limited. Mr. Yang also serves as the Chairman of Prime Credit Limited, a director of China Tourism Industry Fund and the vice president of Chinese Financial Association of Hong Kong. Mr. Yang has 21 years of experience in commercial banks and possesses extensive knowledge and experience in finance and management.