The board of directors of Modern Land (China) Co., Ltd. announced that Mr. Chen Zhiwei has been appointed as a non-executive director with effect from 30 December 2016. Mr. Chen has over 10 years of investment and research experience in finance industry. He joined Cinda HK in 2010 and is currently the investment director and managing director of the investment business department and responsible for managing Cinda HK's investment and financing businesses.