The Board of Directors of China Merchants Holdings (International) Company Limited announces that Mr. Hu Jianhua has retired from his office as Managing Director and Mr. Bai Jingtao has been appointed as General Manager of the Company, who will be responsible for the general management and day to day operations of the Company, with effect from 16 April 2015, the company said in its press release.
As Mr. Hu Jianhua was appointed as Executive Vice President of China Merchants Group Limited, the ultimate holding company of the Company, and need to devote additional time in his new role, he will retire from his office as Managing Director of the Company.