The Board of Sino-Ocean Group Holding Limited announced that with effect from 10 August 2018, Ms. Li Liling has been appointed as a non-executive director of the company. Ms. Li is currently a member of the working group formed by the China Banking and Insurance Regulatory Commission in relation to the takeover of Anbang Insurance Group Co. Ltd. and a consultant at the financial and accounting department of the China Banking and Insurance Regulatory Commission. The Board announced that with effect from 10 August 2018, (i) Mr. Li Hu has resigned as an executive director and a member of the investment committee of the company to put more effort in other business activities of the company; (ii) Mr. Li Hongbo has resigned as an executive director and a member of the investment committee of the company to put more effort in other business activities of the company; (iii) Mr. Yao Dafeng has resigned as a non-executive director and a member of the audit committee of the company in order to devote more time to his other business activities and (iv) Ms. Shangguan Qing has resigned as a non-executive director of the company in order to devote more time to her other business activities.