The board of directors of Kaisa Group Holdings Ltd. announced that Mr. Mai Fan has been appointed as an executive director of the company with effect from 4 July 2017. Mr. Mai is the Co-president of the Group and is primarily responsible for the Group's holding and management of each division, work of business segments such as internet, culture, sports and tourism, football club and food and beverage. Prior to joining the Group in August 2015, Mr. Mai served at the Shenzhen Municipal Highway Bureau and Futian Government, Shenzhen from July 2001 to July 2015.