The Chairman of the Supervisory Board of Madison Property AG, Mr. Andreas Grosjean, today informed the Company, that he will resign from his office as Supervisory Board member for personal reasons as of today, 23 November 2012.
The Company will propose a successor to be appointed by the local court in short notice.
About Madison Property AG
Madison Property AG is a German stock corporation under the laws of Germany with its legal seat in Berlin. It is the holding company of Madison Property Group Limited which operates as a large-scale property developer with its local subsidiaries in China, mainly in the Shandong Province and the municipality of Chongqing. Founded in 1998, Madison already completed and successfully sold 17 projects/project phases. It is focused mainly on residential properties with high quality and travel as well as leisure properties. Madison is recognised as a Class I property developer by the People's Republic of China Ministry of Housing and Urban-Rural Development and can therefore undertake projects nationwide without limitation on the construction scale.