Peking University Resources: Zeng Just resigned as president Shi Lei took over

<b>On the </b>evening of October 8, Peking University Resources (Holdings) Limited (HK:00618) announced that Shi Lei had been appointed as the company's president and Shading had been appointed as the company's executive vice president.

Qiu Boyu has been appointed as a non-executive Director of the Company, Zhu Jianhong, Qian Zhihao, Ning Rui and Zhong Weimin have been appointed as independent non-executive Directors of the Company, and Wang Guiwu and Huang Qihao have been appointed as executive directors of the Company.

According to the announcement, Zhang Xuanlong has left as chairman of the board but will remain as an executive director of the company, and Zhang Xuanlong has resigned as the authorized representative of the company referred to in Rule 3.05 of the Listing Rules. Executive Director Wong Kai Ho has been appointed as Chairman and Authorised Representative and Tsang Has resigned as President of the Company.

It is also reported that Shi Lei has been appointed as the president of the company and Shading has been appointed as the executive vice president of the company.

According to the data, from 2000 to 2007, Shi Lei worked at Kearney Management Consulting Company in the United States, and his last position was the company manager. In the firm's beijing, Shanghai, Boston, Detroit, and Hong Kong offices, he was responsible for providing management advice in the areas of strategy, organization, and operations to more than 20 global and local companies and government agencies. From 2007 to 2013, Shi Lei served as vice president and executive director of Bohai Industrial Investment Fund, the first RMB industrial investment fund in Chinese mainland, of which from 2009 to 2013, he served as a member of the investment decision-making committee, and was responsible for equity investment in a number of listed companies and banks. From 2014 to 2019, Shi Lei served in Hunan Caixin Financial Holding Group, of which he served as a senior manager from 2015 to 2019, and served as a director of asset management subsidiaries and insurance subsidiaries, and the general manager and chairman of listed subsidiaries. Shi Lei has served as the assistant president of Guojie Geographic Information Technology Industrial Park Group Co., Ltd. since 2020.

At the request of the Company, trading in peking university resources' shares will be suspended from 9:00 a.m. on April 26, 2021 at The Stock Exchange of Hong Kong Limited and will continue to be suspended until further notice.