The Board of China Resources Land Limited announced that with effect from 4 December 2018, Mr. Yu Jian has resigned as executive director and a member of Executive Committee of the company due to personal career development. Mr. Yu Jian confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board of the company further announces that with effect from 4 December 2018, Mr. Shen Tongdong has been appointed as executive director of the company and a member of Executive Committee of the company.

Shen Tongdong, aged 51, was appointed as a Senior Vice President and Chief Information Officer of the Company in July 2016, who is also in charge of the information technology department and China Resources Property Technology Services Limited. Shen joined China Resources (Holdings) Company Limited in 1991, and worked in its Audit Department and also China Resources (Shenzhen) Company Limited. Mr. Shen has entered into a letter of appointment with the Company for a term of three years.

However, he will be subject to rotational retirement and re-election requirements at annual general meeting of the Company pursuant to the articles of association of the Company. The Board of the Company further announced that with effect from 4 December 2018, (1) Mr. Tang Yong has ceased to be the Vice Chairman of the Board of the Company and has been appointed as the Chief Executive Officer of the Company, (2) Mr. Li Xin has been appointed as the President of the Company, and (3) Mr. Zhang Dawei has been appointed as the Vice Chairman of the Board of the Company.