The board of directors of Great Wall Belt & Road Holdings Limited announced resignation of Mr. Fung Chan Man Alex from independent non-executive Director, a member of the audit committee, the chairman of the remuneration committee and a member of the nomination committee of the company in order to devote more time to his other business commitments. The Board also announced that, with effect from 31 December 2018, Mr. Huang Tao, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee and a member of the Nomination Committee.