The board of CWT International Limited announced that Mr. Zhu Weijun will resign as an Executive Director and the Co-Chairman, and he will cease to act as the chairman of each of the Nomination Committee and the Investment Committee, and a member of each of the Remuneration Committee and the Executive Committee; Mr. Wu Hao will be appointed as an Executive Director and the Co-Chairman, as well as the chairman of the Investment Committee and a member of the Executive Committee; Mr. Li, currently an Executive Director, Co-Chairman and chief executive officer of the Company, will be appointed as the chairman of the Nomination Committee; and Mr. Chen Chao, currently an Executive Director, will be appointed as a member of the Remuneration Committee. Mr. Wu is currently the president of HNA Group (International) Company Limited.