The Board of Directors of Kaisa Group Holdings Ltd. announced that Mr. Mai Fan, an executive Director of the company, has been appointed as the chief executive officer of the company (CEO) in place of Mr. Zheng Yi, with effect from 19 September 2017 for a period of two years. Mr. Mai has been an executive Director since 4 July 2017. As the CEO, Mr. Mai will be responsible for the overall management and daily operations of the Group. Upon the appointment of Mr. Mai as CEO, both Mr. Mai and Mr. Zheng will remain as executive Directors of the company.