The board of directors of Culture Landmark Investment Limited announced that Mr. Chen Songbin has resigned as an executive director of the company with effect from 1 July 2017 to devote more time to personal commitment and other business. The board also announced that Mr. Chen Gengxian (an executive director of the company) has been appointed as the chief executive officer of the company with effect from 1 July 2017. Mr. GX Chen, age 45, joined the company in December 2016 as an executive director.

Prior to joining the company, Mr. GX Chen served as an executive director and vice-chairman of Kaisa Group Holding Limited, from 17 November 2009 to 4 April 2014.