Buildmore International Limited announced that Mr. Lo tendered his resignation as an Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. He also resigned from all directorships in the remaining group and resigned as the Chairman of the company and the chairman of the Nomination Committee of the Board with effect from the same date. Madam Huang Haiping tendered her resignation as an Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement.

She also resigned as the Chief Executive Officer of the company with effect from the same date. Mr. Li Jianbo tendered his resignation as an executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. He also resigned as a member of the Remuneration Committee of the Board with effect from the same date.

Madam Song Xiaoling tendered her resignation as an Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. Mr. Lam Yiu Por tendered his resignation as an Independent Non-Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. He also resigned as the chairman of the Audit Committee of the Board and a member of each of the Nomination Committee and the Remuneration Committee of the Board with effect from the same date.

Mr. Wong Cheong tendered his resignation as an Independent Non-Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. He also resigned as the chairman of the Remuneration Committee of the Board and a member of each of the Audit Committee and the Nomination Committee of the Board with effect from the same date and Mr. Ngai Sai Chuen tendered his resignation as an Independent Non-Executive Director with effect from February 17, 2014 pursuant to the Subscription Agreement. He also resigned as a member of the Audit Committee of the Board with effect from the same date.

The board further announced the appointments of new directors with effect from February 17, 2014 as follows: Mr. Wei Chunxian has been appointed as the Chairman of the company, an Executive Director and the Chairman of the Nomination Committee of the Board. Mr. Sun Zhongmin has been appointed as an Executive Director. Ms. Liu Shuhua has been appointed as an Executive Director and the Chief Executive Officer of the company.

Mr. Tung Woon Cheung Eric has been appointed as an Independent Non-Executive Director, the Chairman of the Audit Committee of the Board and a member of each of the Nomination Committee and the Remuneration Committee of the Board. Mr. Wong Kai Tung Simon has been appointed as an Independent Non-Executive Director and a member of each of the Audit Committee and the Remuneration Committee of the Board and Mr. Mak Kwong Yiu has been appointed as an Independent Non-Executive Director, the Chairman of the Remuneration Committee of the Board and a member of each of the Audit Committee and the Nomination Committee of the Board. Mr. Wei Chunxian, aged 50, is a director of the Subscriber.

Mr. Wei has more than ten years of management experience in the real estate sector, and is currently a director of Beijing Guorui who is primarily responsible for its product planning and market strategies. Mr. Sun Zhongmin, aged 47, has been involved in the real estate sector since 1992. Mr. Sun is currently a director of Beijing Guorui.

Ms. Liu Shuhua, aged 37, is currently the financial director of Beijing Guorui. Mr. Tung Woon Cheung Eric, aged 43, being an experienced Hong Kong certified public accountant and a U.S. certified public accountant, he has gathered many years of experience in the financial and capital markets. Mr. Tung is the assistant president and general manager of the finance department of Beijing Enterprises Holdings Limited, an executive director, the chief financial officer and company secretary of Beijing Enterprises Water Group Limited, an independent non-executive director of South China Financial Holdings Limited, as well as the company secretary of Biosino Bio-Technology and Science Incorporation.

Mr. Wong Kai Tung Simon, aged 46, Mr. Wong is the founder of, and is currently a partner of, Tawau Capital Partners Limited, and he is concurrently an independent non-executive director of Vision Fame International Holding Limited. Mr. Mak Kwong Yiu, aged 39, Mr. Mak is currently an executive director and the chief financial officer of Convoy Financial Services Holdings Ltd. Mr. Mak is also an executive director of Computech Holdings Limited.