Frasers Property (China) Ltd. announced that Mr. Leung Ka Hing, Harry has resigned as executive director and ceased to act as an authorized representative of the company with effect from November 20, 2012 while Mr. Cheong Fook Seng, Anthony, Mr. Hui Choon Kit, Mr. Lim Ee Seng and Mr. Tang Kok Kai, Christopher have resigned as non-executive directors with effect from November 20, 2012. As a consequence, Mr. Lim Ee Seng ceased to be the chairman of the executive committee of the board as well as a member of the nomination and remuneration committee of the board. Mr. Cheong Fook Seng, Anthony, Mr. Leung and Mr. Tang Kok Kai, Christopher ceased to be members of the executive committee of the board and Mr. Hui Choon Kit ceased to be a member of the audit committee of the board, in each case with effect from November 20, 2012.

The board further announced that Ms. Chong Siak Ching (whose alternate is Mr. Chia Nam Toon) has resigned as non-executive director with effect from November 20, 2012 following RGL's acceptance of the Share Offer. As a consequence, Ms. Chong Siak Ching ceased to be a member of the executive committee of the board and Mr. Chia Nam Toon ceased to be the alternate director to Ms. Chong Siak Ching, in each case with effect from November 20, 2012. Each of the resigning directors has confirmed that he or she has no disagreement with the board and there is no matter relating to his or her resignation that needs to be brought to the attention of shareholders or the Stock Exchange.

The board announced that each of Mr. Ling Ke and Mr. Huang Juncan has been appointed as a new executive director with effect from November 20, 2012. Mr. Ling Ke, is currently the chairman of Gemdale Corporation. Mr. Ling has been working for Gemdale Corporation since 1992 and is overall responsible for the Gemdale Corporation, particularly in charge of strategic planning.

Mr. Ling has more than 20 years experience in strategic planning, property development and corporate management. Mr. Huang Juncan, is the president and executive director of Gemdale Corporation. Mr. Huang joined Gemdale Corporation in 1992 and is currently in charge of whole operation of Gemdale Corporation.

Mr. Huang has 20 years experience in property investment, design, construction, marketing and corporate management.