Zhongliang Holdings Group Company Limited Board announced that Mr. Huang Chunlei (``Mr. Huang'') resigned as the chief executive officer of the company with effect from the conclusion of the AGM due to his other personal commitments. Following the resignation of Mr. Huang as the chief executive officer of the company, each of Mr. Chen Hongliang and Mr. Li Heli, being an executive Director and co-president of the Group, will be co-chief executive of the company responsible for management of the Group's business with effect from the conclusion of the AGM. Mr. Chen Hongliang will focus on business strategies, human resources, mechanism accounting, legal, risk and financial management, real estate information management and brand building of the Group, and Mr. Li Heli will focus on investment, product development, sales and customer services, and overseeing of the business operations of the Group.