China Advanced Construction Materials Appoints New CEO and CFO

BEIJING,March 29,2019 -- China Advanced Construction Materials Group,Inc. (Nasdaq CM: CADC) (the "Company" or "China ACM"),a construction company engaging in the production of advanced construction materials for large scale infrastructure,commercial,and residential developments,is pleased to announce the appointment of Mr. Yang (Sean) Liu as Chief Executive Officer and Chairman of the Board of Directors of the Company,succeeding Xianfu Han as the Company's CEO and Chairman,as well as the appointment of Ms. Lili Jiang as Chief Financial Officer and director of the Company who is succeeding Weili He as the Company's interim CFO and director. The Board of Directors and Management wish to thank Xianfu and Weili for their contributions in the past decade and wish them success in their future endeavors.

Mr. Yang (Sean) Liu is a seasoned financial executive with 15 years of experience in an array of industries including technologies,banking,and corporations. Sean brings expertise in finance and technology,business development,as well as business management. He has a proven record of driving growth within a global organization and management of public companies. Prior to joining CADC,Mr. Liu served as the President at Wave Sync Corporation,an OTC company from July 2017 to August 2018. From 2015 to 2017,Mr. Liu worked as Murex Regional Manager overseeing the North America regional Murex team for production support and implementation coordination. Murex is a leader provider of technology solutions for trading,treasury,risk,and post-trade operations for financial markets,and its clients include UBS,Bank of China and other leading financial institutions. From 2008 to 2015,Mr. Liu served as the senior consultant and single-point of Contact for Murex North America,leading the global team to manage both production support and upgrades for one of the largest Murex clients. Mr. Liu worked as a quant developer for FlexTrade Systems from 2007 to 2008 and an electrical engineer for UQM Technologies from 2005 to 2007. Mr. Liu received two M.S. degrees in financial mathematics and electrical engineering from New Mexico State University in the United States. He also received a B.S. Degree in Electric Engineering from Tsinghua University in China.

Ms. Lili Jiang is an expected Chartered Professional Accountant (CPA) and an associate member of Charted Accountant Australia (CA). She comes to CADC with extensive financial experience in both Australian and Chinese companies. From 2006 to 2009,Ms. Jiang worked as a human resources manager and accountant for Bill Chikden in Sydney,Australia. From 2010 to 2011,she worked as a loan officer for banking operations at the Bank of Beijing,overseeing the loan application process. From 2011 to 2016,Ms. Jiang worked for the Australian Embassy in Beijing as the Minister of Commerce's executive assistant. From 2016 to the present,Ms. Jiang served as an overseas healthcare business representative for Aolan Healthcare Management,where she was in charge of business development with Japan,America,and other developed countries. Ms. Jiang received a Master's degree of Business Finance from University of New South Wales in Australia and a Bachelor's degree in Business with double majors in Accounting and Finance from University of Technology in Sydney,Australia.

Management believes Ms. Jiang's first-hand experience and global knowledge of power and infrastructure finance,and Mr. Liu's resources in the technology sector will help the company lead new strategic initiatives. The Company's board is confident that both Mr. Liu and Ms. Jiang are ideal for CADC as the Company expands and optimizes its business.

"This is a critical stage for the company,and I am humbled to lead CADC at such an important time," says Mr. Liu. " I would like to thank the Board for this opportunity,and I am excited for us to join the Company to maximize return to the shareholders as we move the company forward."

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