Tysan Holdings (00687) said as a result of HNA Finance I Co., Ltd. becoming a controlling shareholder, Wang Tianbing resigned as the chairman of the Board and a non-executive Director, and he also vacated his positions as the chairman of the Nomination Committee of the Board and a member of the Remuneration Committee of the Board with effect from today.
Li Tongshuang has been appointed as the chairman of the Board, an executive Director, the chairman of the Nomination Committee, and a member of the Remuneration Committee with effect from the same day. Li is the chairman of Hainan HNA Infrastructure Investment Group Co., Ltd., a company listed on the Shanghai Stock Exchange. Li has extensive management knowledge and working experience in hotel operation and property development.
Tysan Holdings proposes to change its English name to "Hong Kong International Construction Investment Management Group Co., Limited".