China Overseas Grand Oceans Group Limited announced that Mr. Yan Jianguo due to his intention to focus and devote more time on his other work commitments, has resigned as non-executive director of the company with effect from the conclusion of the Board meeting of the company held on April 22, 2021. The Board also announced that, at the recommendation of the Nomination Committee of the company, Mr. Guo Guanghui has been appointed as non-executive director of the company with effect from the conclusion of the Board meeting of the company held on April 22, 2021. Mr. Guo, aged 48, graduated from Nanjing University of Science & Technology, holder of a master's degree, and is a senior accountant and a non-practising member of The Chinese Institute of Certified Public Accountants. He joined China Overseas Land & Investment Limited and its subsidiaries in 2006 and is currently the executive director and vice president of COLI and a director of certain subsidiaries of the COLI Group. Mr. Guo has about 26 years' management experience in corporate finance and accounting.