The board of directors of Beijing Properties (Holdings) Limited announced that with effect on 27 June 2016: Mr. Qian Xu has been appointed as the chairman of the company; Mr. Hu Yebi has been appointed as the vice chairman of the company; Mr. Siu Kin Wai has been appointed as the president of the Company. Mr. Siu Kin Wai no longer holds the chief operating office, the chief financial officer and the company secretary of the company with immediate effect; Mr. Dong Qilin has been appointed as an executive Director and chief operating officer of the company; Mr. Wan Lee Cham has been appointed as an executive Director and chief financial officer of the Company; Mr. Zhao Jiansuo has been appointed as an executive Director of the Company; Mr. Li Changfeng has been appointed as an executive Director of the company; Mr. Cheng Ching Fu has been appointed as the company secretary of the company; and Mr. Yu Li has resigned as an executive Director and the vice chairman of the company with immediate effect due to his new business engagements which require more of his dedications and time commitment. Mr. Qian Xu, aged 52, is an executive Director and the chief executive officer of the company since July 2009. He is the chairman and an executive director of the Beijing Enterprises Group Real-Estate Co. Ltd. Mr. Dong Qilin, aged 51, is an executive vice president of Beijing Yun Zhong Investment Consulting Co. Ltd. and an executive vice president of the company since November 2009 and February 2014, respectively. He is also the manager of the Securities and Capital Market Department of the Beijing Enterprise Group Company Limited. Mr. Wan Lee Cham, aged 55, is the treasurer of the company and chief financial officer of China Logistics Infrastructures (Holdings) Limited. Mr. Zhao Jiansuo, aged 52, is an executive director, a deputy secretary and the chairman of the labour union of BE Real Estate. Mr. Zhao was re-designated by BE Group as the deputy secretary and chairman of the labour union of its subsidiary, BE Real Estate in 2015. Mr. Zhao has extensive experience in corporate management, internal control and government liaison. Mr. Li Changfeng, aged 43, is an executive vice president of the Company and BYZCC, the chairman and an executive director of China Logistics since November 2009 and February 2014, respectively. Mr. Li has extensive experience in corporate management and investment and development of logistics properties. Mr. Cheng Ching Fu, aged 42, is the financial controller of the Company since October 2013. He was appointed as the chief financial officer of CAQ on 29 April 2015.