The board of directors of Greentown Service Group Co. Ltd. announced that Mr. Tian Zaiwei tendered his resignation as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Company, due to his desire to devote more time to his business and personal affairs, with effect from 5 December 2017. The board announced that Mr. Li Feng has been appointed as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the company with effect from 5 December 2017. He has been the president of the Trade Association of Shanghai Property since March 2015. Mr. Li will be subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the articles of association of the company.