The board of directors of China Logistics Property Holdings Co. Ltd. announced that Mr. Chen Runfu has tendered his resignation as an executive director of the Company with effect from 16 November 2020, due to his intent to pursue other career and dedicate to other business opportunities. On 16 November 2020, the nomination committee of the Board (the "Nomination Committee") resolved to recommend to the Board the appointment of Mr. Wu Guozhou as an executive director of the Company. Accordingly, on 16 November 2020, the Board resolved to appoint Mr. Wu Guozhou as an executive director of the Company with effect from 16 November 2020. Mr. Wu Guozhou was appointed as a vice president of Shanghai Yupei (Group) Company Limited, in February 2020. Mr. Wu worked as the chief engineer, project management department manager and project manager of MCC TianGong Shanghai Shisanye Jiangxi Branch from March 2010 to May 2014. Mr. Wu worked as a chief engineer of Shanghai Yupei Industry (Group) Co. Ltd. in charge of its technology and construction management from May 2014 to January 2020.