The board of directors of China Merchants Land Limited announced that Mr. Liu Zhuogen has resigned as an executive director of the company with effect from August 17, 2015 due to his own career development. The Board further announced that with effect from August 17, 2015, Mr. Xian Yaoqiang, an executive director of the company, has been appointed as an authorized representative of the company while Mr. Yu Zhiliang, an executive director of the company, has been appointed as the authorized representative of the company under the Companies Ordinance.