The boards of directors of Jinmao (China) Investments Manager Limited (the "Trustee-Manager", as trustee-manager of Jinmao Investments) and Jinmao (China) Investments Holdings Limited (the "company") announced that, with effect from 29 April 2016, Mr. LI Congrui ("Mr. LI"), the existing non-executive director of the Trustee-Manager and the company has been appointed as the chairman of the Boards for a term to be coterminous with his directorship. Mr. LI, aged 45, was appointed as the non-executive Director of the Trustee-Manager and the company on 25 March 2014. He has been the vice president of China Jinmao Holdings Group Limited since April 2009, the executive director of China Jinmao since June 2011, the executive director and chief executive officer of China Jinmao since January 2013, the director of China Jin Mao (Group) Company Limited since February 2013, and the chairman of China Jin Mao (Group) since November 2015, respectively. He also holds positions in a number of subsidiaries of China Jinmao, including the chairman of Sinochem Franshion Properties (Beijing) Co. Ltd., the chairman of Beijing Chemsunny Property Co. Ltd.
and a director of Jinmao Investment (Changsha) Co. Ltd. and Jinmao Investment Management (Shanghai) Co. Ltd. Mr. LI joined Sinochem Group in 1997, and held various senior management positions in Shanghai Orient Terminal Co. Ltd. and Sinochem International Industrial Corporation. The Boards also announced that, with effect from 29 April 2016, Ms. LAN Haiqing ("Ms. LAN") has been appointed as non-executive Director of the Trustee-Manager and the company. Ms. LAN, aged 49, was appointed as non-executive Director of the Trustee-Manager and the company on 29 April 2016. She has been the vice president of China Jinmao since December 2007, and the director of China Jin Mao (Group) since October 2015. Ms. LAN also holds positions in a number of subsidiaries of China Jinmao, including the vice chairman of Sinochem Franshion Property (Beijing) Co. Ltd., the director of Beijing Chemsunny Property Co. Ltd., the director of Beijing Jinmao Green Building Technology Co. Ltd. and the director of Jinmao Investment (Changsha) Co. Ltd. From 1997 to 2007, Ms. LAN served as the deputy general manager and general manager of Sinochem Qingdao Golden Beach Hotel and the general manager and chairman of Wangfujing Hotel Management Co. Ltd. Ms. LAN has over 20 years of hotel management experience and has accumulated extensive experience in the appraisal and analysis of investments, product positioning and project operational management of real estate complex projects.