Rivera (Holdings) Limited announced that Madam Liu Ying, a non-executive director of the company, has been elected as the Chairman of the Board of the company with effect from 8 January, 2018. During the period from July 2005 to November 2012, she took up the posts of vice president and president of Suzhou Harmony Development Group Co. Ltd. successively. She acted as the president of Suzhou Sungent Holding Group Co. Ltd. during the period from November 2012 to June 2013. During the period from June 2013 to July 2015, she took up the posts of secretary of the party committee, chairman of the board and president of Suzhou Industrial Park Trirun Investment Holding Group Co. Ltd. Madam Liu is not appointed for any specific term of office. However, according to the Articles of Association of the company, she shall retire and will be eligible for re-election at the next annual general meeting of the company and if so re-elected, she shall be subject to retirement by rotation and re-election at least once every three years at annual general meetings of the company.