Powerlong Real Estate Holdings Ltd. with the announcement of the company dated 10 October 2014 in relation to the resignation of an independent non-executive director and the board of directors of the company announced the appointment of Dr. Ding Zu Yu as an independent non-executive Director and a member of the audit committee, remuneration committee and nomination committee of the Company with effect from 11 December 2014. Ding, aged 41, is the chief executive officer of E-House (China) Holdings Limited, the chief executive officer of CRIC (China) Information Technology Co. Ltd. and the general manager of Beijing Institute of Housing Technical Services Association Ltd.