Midea Real Estate Holding Limited announced that Mr. Yao Wei has resigned as an executive director of the Company; and Mr. Zhang Ziliang has been appointed as an executive director of the Company. Mr. Yao Wei has resigned as an executive director of the Company. Following his resignation, Mr. Yao has been re-designated as a senior investment consultant of the Group. Mr. Zhang is currently the general manager of the Zhejiang-Fujian regional company
of the Group and is primarily responsible for the property development and operation in the Zhejiang-Fujian region. Since joining the Group in September 2009, Mr. Zhang has served various positions in Midea Real Estate Group Limited, the principal subsidiary of the Company, including: (i) general manager of human resources centre; (ii) general manager of audit and supervision centre; (iii) general manager of the Fujian regional company; and (iv) general manager of the Jiangxi and Fujian regional company. Mr. Zhang has also assumed multiple directorships in other subsidiaries of the Company, including, among others, Ningbo Meishan Midea Real Estate Development Co. Ltd. Hangzhou Midea Real Estate Development Co. Ltd. and Quanzhou Midea Real Estate Development Co. Ltd.