The board of directors of Fosun Tourism Group announced the appointment of Mr. Cao Minglong as a co-president of the Company and the president of the tourism destination development management center of the Company with effect from January 11, 2020. Mr. Cao will supervise the project development and construction of all properties in the Group' s tourism destination projects. The other roles of Mr. Cao within the Group remain unchanged. Mr. Guo Qing has been appointed as a co-president of the Company and the president of the tourism destination business development & operation management center of the Company with effect from 11 January 2020. Mr. Guo will supervise the expansion and operational management of the Group' s tourism destination projects. Mr. Guo has over 22 years of professional experience in real estate development industry in China with management experience in property management, asset management and real estate development. Mr. Guo served several positions within Fosun International Limited and its subsidiaries. Prior to that, Mr. Guo worked for Shui On Group and served as a managing director of Shanghai Feng Cheng Property Management Co. Ltd. Mr. Xu Bingbin has been appointed as a co-chief financial officer of the Company with effect from 11 January 2020. Mr. Xu will be in charge of overall investor relations and will no longer supervise the overseas investment management of the Company. The other roles of Mr. Xu within the Group remain unchanged.