The board of directors of Prosperity International Holdings (H.K.) Limited announced that Mr. Li Zhimin and Mr. Wang Jiafu has been appointed as an executive director of the company, with effect from 3 July 2017. Mr. Li has over 30 years of extensive management experience in the metallurgical and railway industry. Mr. Li was a general manager of Sinosteel Corporation from December 1999 to December 2004. Mr. Li was appointed as a general manager of China Metallurgical Raw Materials Corporation from April 2004 to July 2005. He was appointed as vice president of Sinosteel Cooperation from July 2005 to April 2010. From April 2010 to May 2016, Mr. Li acted as deputy general manager of China Railway Materials Company Limited. Mr. Wang Jiafu, has over 30 years of extensive experience in accounting and finance. Mr. Wang was the head of accounts department of Shanghai Steel Tube Company Limited from August 1986 to April 1999. He was appointed as a financial controller of Tangshan Jianlong Industrial Co., Ltd, a associate company of Fosun International Limited and chief accountant of Nanjing Iron & Steel Co. Ltd., a subsidiary of Fosun International Limited from April 1999 to April 2008. Mr. Wang was appointed as deputy general manager and deputy chairman of Jiangsu New Huafa Group Co. Ltd. and Jiangsu Prosperity Steel Company Limited from April 2008 to December 2011. From January 2012 to August 2013, Mr. Wang re-appointed as deputy general manager and chief accountant of Nanjing Iron & Steel Company Limited. Prior to joining the Company, Mr. Wang worked at Prosperity Materials (International) Limited from September 2013 to June 2017, with the last position as the deputy general manager.