The board of directors of Tiangong International Company Limited announced the appointment of Mr. Zhu Zefeng as the Chief Investment Officer with effect from 3 January 2017. Mr. Zhu joined the company as management trainee in January 2016 to acquire the relevant experience and knowledge of the manufacturing process of the Group's products. He also involved in investigation and investment project on downstream subcontractor. Prior to his joining, he worked for TopTech Tools Manufacturing Inc. as an operation manager, with over 7 years of experience in overlooking and integration of upstream and downstream operation of its special steel business. Mr. Zhu is appointed as Chief Investment Officer to lead the company's new investment department. The prime focus is to execute the Group's future investment strategy, in particular, in the integration of upstream and downstream component of the supply chain of the Group's existing business, as approved by the Board from time to time. As the Chief Investment Officer, Mr. Zhu will be taking the responsibility of screening and recommending investment opportunities to the Board, including the expansion opportunities to the emerging New Material# industry. He will also be responsible for the post-investment integration process.