Greentown China Holdings Limited announced that Mr. WU Wende ("Mr. WU") be appointed as an executive Director, executive president of the Company and a member of the Remuneration Committee and the Nomination Committee; and Ms. HONG Lei ("Ms. HONG") be appointed as executive Director. The aforesaid appointments were made having considered factors including: the credentials of the new appointees and the endorsements that they have from CCCG; and from the perspective of the benefits of the Company taken as a whole, the Board considered such personnel arrangement would facilitate the communications with CCCG, being conducive to the overall operation and development of the Company. As of the date of this announcement, CCCG is interested in 25.05% of the total issued share capital of the Company, a substantial Shareholder and the single large Shareholder.