The board of directors of Shimao Property Holdings Limited announced that Mr. Hui Sai Tan, Jason the Vice Chairman and an Executive Director of the company, has been appointed as the President of the company with effect from 30 January 2019. With effect from the date of the appointment, Mr. Hui will be the Vice Chairman, President and an Executive Director of the company. Mr. Hui, aged 41, joined the Group in March 2000 and has been an Executive Director and the Vice Chairman of the Company since 17 November 2004 and 21 April 2008 respectively. He is currently responsible for the operation and sales of all the Group's projects, and the administration and management of the Group.