Kai Shi China Holdings Company Limited announced that with effect from the date of despatch of the Composite Document (i.e. 30 January 2015) and upon the despatch of the Composite Document, Mr. Wei Shaojun has been appointed as the executive Director, chief executive officer and the chairman of the Board and Ms. Zhen Xiaojing has been appointed as an executive Director. Mr. Kai's resignation as the chief executive officer and the chairman of the Board takes effect from the date of despatch of the Composite Document. Mr. Wei Shaojun, aged 51, is the founder, the controlling shareholder and the chairman of Longjitaihe and has approximately 18 years of experiences in real property development industry.