The board of directors of Minmetals Land Limited announced that: Mr. Yin Liang resigned from the positions of executive director and senior deputy managing director of the company, and a member of the executive committee of the company, effective 22 June 2017 due to his other work commitments; and Mr. Yang Shangping was appointed as an executive director and a deputy managing director of the company, and a member of the executive committee of the company, effective 22 June 2017. Mr. Yin Liang confirmed that he has no disagreement with the Board and he is not aware of any matters in respect of his resignation that need to be brought to the attention of the shareholders of the company. Mr. Yang Shangping joined the company as the general manager of a real estate development company of the company in Nanjing in 2007. Mr. Yang is responsible for the sales and marketing, property management and strategic investment divisions of the company and is a director of certain subsidiaries of the company. He had participated in project works for China Overseas Holdings Ltd. and Shanghai Vanke Co. Ltd. for over 10 years. Mr. Yang has extensive experience in project management as well as sales and marketing and costing management.