The board of directors of China Evergrande Group announced the following changes of directors of the Company. Mr. Liu Zhen has been appointed as an executive director. Mr. Liu Zhen, aged 36, is currently a vice president of the Company.

Mr. Liu joined the Group in July 2011 and has served in various positions, including the chairman of Xinjiang company of Evergrande Real Estate Group, vice president of China Evergrande New Energy Vehicle Group Limited. Mr. Liu graduated from Sun Yat-sen University with a bachelor's degree in July 2011. Mr. Liu has not been a director of any listed companies in the three years preceding the date of this announcement.

Save as disclosed above, Mr. Liu has no relationship with any directors, senior management or substantial shareholders of the Company. Mr. Qian Cheng has been appointed as an executive director. Mr. Qian Cheng, aged 36, is currently a vice president of the Company.

Mr. Qian joined the Group in July 2008 and has served in various financial management positions. Mr. Qian graduated from Jilin University with a bachelor's degree in July 2008. Mr. Qian has not been a director of any listed companies in the three years preceding the date of this announcement.

Save as disclosed above, Mr. Qian has no relationship with any directors, senior management or substantial shareholders of the Company. Mr. Xia Haijun has resigned as an executive Director of the Company. Mr. Pan Darong has resigned as an executive Director of the Company.