Hebei Construction Group Corporation Limited received the resignation tendered by Mr. Mao Yuanli as a supervisor and the chairman of the first session of the Board of Supervisors of the Company due to reaching his retirement age. As nominated by the Board of Supervisors, Mr. Yu Xuefeng was proposed to be elected as a supervisor of the first session of the Board of Supervisors, for a term commencing from the date of approval at the general meeting to the expiration of the term of the current session of the Board of Supervisors. Mr. Yu Xuefeng shall be eligible for re-election upon expiry of the term in accordance with the Articles of Associate of the Company. The resignation of Mr. Mao Yuanli shall be effective from the commencement of the term of office of Mr. Yu Xuefeng. Mr. Yu Xuefeng, aged 54, is the deputy secretary of the Party Committee, secretary of the discipline committee and chairman of the trade union of the Company. Upon Shareholders' approval of the appointment of Mr. Yu Xuefeng, he will enter into the supervisor's service contract with the Company for a term commencing from the date of approval at the general meeting to the expiration of the first session of the Board of Supervisors.