China Evergrande Group announced Mr. Qian Cheng has been appointed as chief financial officer. 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. Pan Darong has resigned as an executive Director and chief financial officer of the Company.