The Board of Guangzhou R&F Properties Co., Ltd. announced that Mr. Zheng Ercheng has been appointed as an Independent Director, chairman of the remuneration committee, a member of the audit committee and nomination committee of the Board effective from 30 May 2014. Mr. Zheng is currently a supervisor of the supervisory committee of the company. Mr. Zheng has resigned as Supervisor with effect from 30 May 2014.