The board of directors of Glorious Property Holdings Limited announced that Professor Liu Tao. has been appointed as an independent non-executive director of the Company, the chairman and a member of the Audit Committee and a member of the Remuneration Committee with effect from September 17, 2015. Prof. Liu was appointed as financial advisor and independent director of several large and medium scale enterprises.

She is currently an independent director of Shanghai Liangyou Oils & Fats Company Limited and was an independent director of Shanghai Jielong Industry Group Corporation Limited. The Board announced that Ms. Tai Wing Kwan Catherine has tendered her resignation as the company secretary and authorized representative of the Company with effect from the close of business of September 16, 2015 in her own accord for further personal development. The Board also announced that Mr. Cheng Ka Hang Francis has been appointed as the company secretary and authorized representative of the Company with effect from September 17, 2015.

Mr. Cheng joined the Company in 2011. He is an associate member of both The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries. He has over 17 years of experience in compliance and company secretarial profession.