At the AGM held by Hebei Construction Group Corporation Limited on 25 June 2018, Mr. Mao Yuanli has resigned as a Supervisor and the chairman of the first session of the Board of Supervisors due to reaching his retirement age, with effect from 25 June 2018. Mr. Yu Xuefeng has been appointed as a Supervisor and the chairman of the first session of the Board of Supervisors for a term commencing on 25 June 2018 and ending on the expiration of this session of Board of Supervisors. Mr. Yu Xuefeng, aged 55, is the deputy secretary of the party committee, secretary of the discipline committee and chairman of the trade union of the Company. Mr. Yu Xuefeng's previous primary work experience includes: serving as the deputy chief of the industry section of Baoding Economic and Trade Commission from August 1984 to July 1998; the assistant to the President of the Company from August 1998 to July 2001; the vice President of the Company from August 2001 to April 2017; the chief accountant of Baoding Taihang Heyi Cement Co. Ltd. from September 2002 to November 2004; the chief accountant of Hebei Baocang Expressway Co. Ltd. from December 2004 to October 2011; the general manager, chief accountant, vice chairman and secretary of the party committee of Zhongcheng Real Estate Development Co. Ltd. from November 2011 to September 2017.