The board of directors of Powerlong Real Estate Holdings Ltd. announced that Mr. Guo Jun has retired as an executive director of the company upon the expiry of his service contract with effect from October 13, 2015; Mr. Zhang Hong Feng has been appointed as an executive director of the company with effect from October 14, 2015; Ms. Xiao Yinglin has resigned as the company secretary and authorized representatives of the company and Ms. Yip Yim Ting Fanny has been appointed as the company secretary and authorized representatives of the company, with effect from October 14, 2015. Zhang Hong Feng, joined the company in December 2004 and is currently the executive vice president and general manager of operation management centre of the company. Ms. Yip joined the company in August 2015.

Prior to joining the Group, Ms. Yip has approximately six years of experience in corporate secretarial work in other listed companies in Hong Kong.