Ying Li International Real Estate Limited announced appointment of Ren Chao as Acting CEO. The Board having considered (i) the recommendation of the NC; and (ii) Mr. Ren Chao's qualifications and experience, is of the view that Mr. Ren Chao, has the requisite experience and capabilities to assume the responsibilities as an Executive Director and a member of the NC of the Company and Acting Chief Executive Officer of the Group. Working Experience: June 2015 to present: 1. Jiangsu Chuangyou Holding Group Co.

Ltd. - Consultant 2. Chongqing Land Construction Group Co. Ltd. - Consultant 3. Chongqing Jingji Agriculture Co. Ltd. - Consultant 4. Chongqing Hengyao Industrial Holding Group Co.

Ltd. - Consultant 5. Ying Li International Real Estate Limited December 2008 - June 2015: Chongqing Traffic Investment Co. Ltd. - Chairman. Professional Qualifications: Major in Road and Bridge Engineering from Chongqing Jiaotong University.