The board of directors of Ground Properties Company Limited announced the following changes with effect from 25 August 2016. Mr. Wei Lidong had tendered his resignation as independent non-executive director, member of the audit committee and member of the remuneration committee of the company in order to devote more time on his other business commitments. Mr. Xiang Qiang has been appointed as an independent non-executive director and member of the audit committee and member of the remuneration committee of the company. Mr. Xiang Qiang, aged 52, has over 20 years' extensive senior managerial experience. He has been an independent non-executive director of Jutal Offshore Oil Services Limited since May 2008. He had also been appointed as an executive director and president of PCD Stores (Group) Limited from March 2012 to December 2013.