Kaisa Group Holdings Ltd. announced that Mr. Yu Jianqing has tendered his resignation as an executive director of the company, authorised representative of the Company under Rule 3.05 of the Listing Rules and from all positions with the Company with immediate effect in order to devote more time on his other career development. With immediate effect, Mr. Mai Fan, an executive Director of the company has been appointed as an authorised representative of the company under Rule 3.05 of the Listing Rules to fill the vacancy arising from the resignation of Mr. Yu.