The board of directors of Glorious Property Holdings Limited announced that Mr. Liu Ning has resigned as an executive director and the chief executive officer of the company and a member of the finance committee of the Board with effect from 5 February 2014 to pursue other opportunities for development. The board announced that Mr. Jiang Yong Jin has resigned as the chief financial officer and vice president of the company with effect from 15 February 2014 to pursue other opportunities for development. The board further announced that Mr. Xia Jing Hua, an executive director of the company, has been appointed as a member of the finance committee of the board in place of Mr. Liu with effect from 5 February 2014.