The Board of Directors of Beijing Capital Land Ltd. announced that, since Mr. Liu Xiaoguang Chairman of the Board, reached his retirement age, Mr. Liu had tendered his resignation as Chairman of the Board, chairman and member of Strategic Committee and chairman and member of Nomination Committee on August 10, 2015. Mr. Liu will continue to act as Director until new Director is appointed pursuant to the relevant rules in the article of association of the company and was then re-designated as non-executive Director. The company will make further announcement for such changes.

The Board also announced that, Mr. Wang Hao, non-executive Director, was re-designated as an executive Director, and was appointed as Chairman of the Board, chairman of Strategic Committee and chairman of Nomination Committee. Mr. Wang Hao was then resigned as a member of Remuneration Committee and Mr. Song Fengjing was appointed as a member of Remuneration Committee.