The board of directors of Beijing Urban Construction Design & Development Group Co., Limited announced that due to the requirement that Party and political leaders and cadres over 70 years of age should not work part-time in enterprises as set out in the Opinions on Further Regulation on Party and Political Leaders and Cadres Working Part-time (Holding Office) in Enterprises Mr. Zhang Junming (Mr. Zhang) resigned from his position as an independent supervisor of the company on 1 August 2017, with immediate effect. Mr. Zhang confirmed that he had no disagreement with the Board and the board of supervisors of the company and there were no matters relating to his resignation that need to be brought to the attention of the shareholders of the company.