The Board of Directors of China Overseas Land & Investment Ltd. announced the following which will take effect from August 11, 2012: Resignation of Mr. Wu Jianbin as a non-executive director and vice chairman of the company; Resignation of Mr. Lin Xiaofeng as an executive director of the company; Cessation of Mr. Kong Qingping as a member of the nomination committee of the company; Cessation of Mr. Dong Daping as a member of the nomination committee of the company; and Cessation of Mr. Hao Jian Min as a member of the remuneration committee of the company. Mr. Wu would like to focus on his work in China Overseas Holdings Limited, the controlling shareholder of the company, and resigned as a non-executive director and vice chairman of the company. Due to realignment of work duties within the group, Mr. Lin also decided to resign as an executive director of the company.