The Board of Directors of Beijing Capital Land Ltd. announced that due to work allocation, Mr. Wang Hao has resigned as the chairman of the company with immediate effect and will resign as executive Director, chairman of Nomination Committee and chairman of Strategic Committee in the coming EGM; due to assignment allocation, Mr. Song Fengjing will resign as non-executive Director and member of Remuneration Committee in the coming EGM; due to assignment allocation, Mr. Shen Jianping will resign as non-executive Director in the coming EGM; and due to work allocation, Mr. Liu Yongzheng will resign as the shareholder representative Supervisor and chairman of Supervisory Committee in the coming EGM. The Board announced that Mr. Li Songping was elected by the Board as chairman of the company with immediate effect; Mr. Sun Shaolin, Mr. Su Jian and Mr. Yang Weibin have been nominated as candidates for election at the EGM as non-executive Directors of the company subject to the approval by the shareholders; and Mr. Li Zhang has been nominated as a candidate for election at the EGM as shareholder representative Supervisor of the company subject to the approval by the shareholders. The proposed term of service will be for the period from the date of coming EGM to the expiry of the fifth session of the Board being 4 December 2017. Mr. Li is currently a senior accountant. Mr. Li joined Capital Group in March 2006, and has served as deputy general manager and director, and held the position of general manager of Capital Group since November 2015. Mr. Li has also served as a non-executive director of Beijing Capital Juda Limited since February 2016. Mr. Sun Shaolin is an engineer. He joined Capital Group in November 2004 and had served as the deputy general manager of Strategic Planning Department, the deputy supervisor of the Corporate Structure Adjustment Office, the general manager of Strategic Planning Department and the general manager of Strategic Management Department, and has served as the director and general manager of Strategic Management Department of Capital Group since August 2014. Mr. Su Jian is a mid-level engineer. He joined Capital Group since May 2004, and had served as an assistant to the general manager of Beijing Arkgarden Real Estate Development Company Limited, the senior manager of the Real Estate Operations Management Department, deputy general manager of the Operations Management Department, and deputy general manager of the Real Estate Department of Capital Group; and has been the general manager of the Real Estate Department of Capital Group since June 2014. Mr. Yang Weibin joined Capital Group in January 2000, and had served as the project manager, senior manager, department manager, assistant to the general manager, deputy general manager, and the general manager to the Financial Consultation Department of Beijing Jingfang Investment Management & Consultant Co. Ltd., a subsidiary of Capital Group; an assistant to the general manager of Investment Banking Department and the deputy general manager of Capital Operations Department, and has been the general manager of Capital Operations Department of the Capital Group since October 2015.