The board of directors of Great Wall Belt & Road Holdings Limited has made with effect from March 2, 2021, announced that Cheung Siu Fai has been appointed as acting chief executive officer of the company. Cheung founded Hammer Capital Group Limited and is a director of Hammer Capital Asset Management Limited. Prior to founding Hammer Capital Group Limited, he was the Head of Asia Pacific of the Strategic Equity Solutions of Merrill Lynch (Asia Pacific) Limited (Merrill Lynch). Prior to his position at Merrill Lynch, he was the Head of Asia Pacific of the Strategic Equity Solutions and the Managing Director of the Structured Products of Asia of Citigroup Global Markets Asia Limited. He has also held key positions in various major investment banks in Asia Pacific like Calyon Corporate & Investment Bank (presently known as Crédit Agricole Corporate & Investment Bank) and JPMorgan Chase & Co. He is also a director of certain subsidiaries in the Group. Cheung was an executive director of Asia Coal Limited. Cheung was also an executive director of CT Environmental Group Limited (1363 HK) between August 3, 2020 and November 10, 2020.