The board of directors of Shanghai Zendai Property Limited announced that, due to change of personnel within the group and with effect from 30 September 2017: Mr. Tang Jian has resigned as the chief executive officer of the company, and has been appointed as the senior vice president of the company; and Mr. Zhang Huagang has been appointed as the CEO, in addition to his existing position as an executive Director. Mr. Zhang Huagang, aged 54, has been appointed as an executive Director of the company since 13 April 2017 and the chief executive officer of the company on 30 September 2017.