The Board of International Business Settlement Holdings Limited announced that with effect from 22 August 2017, Mr. Hu Jianjun has been appointed as executive director of company. Mr. Hu Jianjun is an executive director of the Company. Mr. Hu completed an accounting program offered by Jiangxi University of Finance and Economics in July 1997. Mr. Hu has 38 years of experience in the financial industry. He started his career in Nanchang Branch of the People's Bank of China in February 1979. From October 1984 to December 2001, he held various important positions in ICBC, including deputy director of the Deposits Division of Jiangxi Branch, president of Yingtan Branch, and director of the Planning and Financing Division of Jiangxi Branch. Mr. Hu joined China Huarong Asset Management Co. Ltd. previously known as China Huarong Asset Management Corporation, in December 2001.