The board of directors of China Resources Land Limited announced that with effect from 18 April 2017, Mr. Du Wenmin has resigned as non-executive director and a member of Remuneration Committee and Nomination Committee due to other work allocation, Mr. Wei Bin has resigned as non-executive director and a member of Audit Committee due to other work allocation, Mr. Ding Jiemin has resigned as non-executive director, due to other business commitment. Each of Mr. Du Wenmin, Mr. Wei Bin and Mr. Ding Jiemin confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board of the company further announced that with effect from 18 April 2017, Mr. Zhang Dawei was appointed as executive director of the company and a member of Executive Committee, Mr. Li Xin was appointed as executive director of the company and a member of Executive Committee, Mr. Xie Ji was appointed as executive director of the company and a member of Executive Committee, Mr. Chen Rong was appointed as non-executive director of the company and a member of Audit Committee, Mr. Zhong Wei was appointed as independent non-executive director of the company, a member of Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee, Mr. Sun Zhe was appointed as independent non-executive director of the company, a member of Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee. The biographical details of each newly appointed director are, Mr. Zhang Dawei, aged 48, was appointed as a co-president of the company in July 2016, and he is also the chairman of the company's North China Region. Mr. Li Xin, aged 45, was appointed as a co-president of the company in July 2016, and he is also the chairman of the company's East China Region. Mr. Li has experience in property management and corporate management. Mr. Xie Ji, aged 44, was appointed as a senior vice president of the company in June 2013. Mr. Xie has experience in real estate management and corporate management. Mr. Chen Rong, aged 44, was appointed as general manager of the Finance Department of China Resources (Holdings) Company Limited in February 2016. He was deputy general manager and chief financial officer of China Resources Vanguard Co. Ltd. between September 2014 and January 2016 and was senior tax manager of China Resources Vanguard Co. Ltd. between May 2007 to June 2008. Currently, Mr. Chen also serves as the non-executive director of China Resources Beer (Holdings) Company Limited (stock code: 291). Mr. Zhong Wei, aged 48, has been a professor at the Department of Economics at Beijing Normal University since 2003. Prior to that, Mr. Zhong had served as an associate professor at Department of Economics at Beijing Normal University from 1999 to 2003. Mr. Sun Zhe, aged 52, is currently the co-director of China Program and senior visiting scholar at the School of International and Public Affairs of Columbia University. He is the founding director of the Center for U.S.-China Relations at Tsinghua University and was a professor of International Affairs and doctoral supervisor of Tsinghua University from 2006 to 2016. The Board of the company further announced that both Mr. Wang Shi and Mr. Ma Weihua, who are due to retire by rotation at the forthcoming annual general meeting of the company in accordance with its articles of association, have informed the Board that they will not offer themselves for re-election due to other business commitment and accordingly, will retire as director at the close of the company's annual general meeting which is scheduled to be held on 2 June 2017. Mr. Ma Weihua will cease to be a member of the Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee at the close of the company's annual general meeting on 2 June 2017. Both Mr. Wang Shi and Mr. Ma Weihua have confirmed that they have no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the company in respect of their respective retirement. The Board of the company further announced that with effect from 18 April 2017, Mr. Tang Yong was appointed as the chairman of Executive Committee, Mr. Wu Xiangdong and Mr. Yu Jian were appointed as members of Executive Committee, Mr. Chen Ying has ceased to be a member of Audit Committee and Mr. Wang Yan was appointed as a member of Audit Committee.