Future Land Development Holdings Limited board of directors announced the appointment and resignation with effect from July 8, 2019. Mr. Qu Dejun has been appointed as an executive Director and the vice-chairman of the Board with effect from July 8, 2019. Mr. Qu has more than 15 years' experience in real estate development and corporate finance. Mr. Qu was also an executive director from December 2012 to November 2015 and a non-executive director from November 2015 to September 2016 of Dalian Wanda Commercial Property Company Limited. He was a non-executive director of Wanda Hotel Development Company Limited from July 2013 to November 2017. He was the chairman of the board of Wanda Kids Palace Group from December 2018 to May 2019. He was the president of Wanda Internet Financial Services (Shanghai) Co. Ltd. from October 2016 to December 2018 in charge of the company's innovative development, operation and management. He was the president of Wanda Finance Group Co. Ltd. from September 2015 to October 2016 in charge of the operation and management of Wanda Group's financial and Internet technology business. Mr. Qu also served as a chief officer of Dalian Bureau of Foreign Trade and Economy. Also announced that Mr. Wang Zhenhua has resigned as an executive Director with effect from July 8, 2019 due to his inability to perform his duty as a Director.