China Overseas Property Holdings Limited announced that Mr. Luo Xiao and Mr. Shi Yong will resign as Executive Directors and Vice Presidents of the Company with effect from 22 August 2018 due to realignment of work duties within the group. Mr. Luo will also resign as an alternate authorised representative to Mr. Yan Jianguo of the Company from the same day. The Board also announced that Mr. Pang Jinying will be appointed as Executive Director, Vice President and alternate authorised representative to Mr. Yan of the Company with effect from 22 August 2018. Currently, Mr. Pang also serves as the director of Anhui Guoyuan Trust Co. Ltd., while Shenzhen China Overseas Investment Management Co. Ltd., wholly owned by CSCEC, is the second largest shareholder of Anhui Guoyuan Trust Co. Ltd.