The board of directors of Sunshine 100 China Holdings Ltd. announced that Mr. Lin Shaozhou has been appointed as the Chie Executive Officer of the company with effect from 25 August 2016. Meanwhile, Mr. Yi Xiaodi, the current Chairman of the Board, an executive Director, the Chief Executive Officer and the Chairman of nomination committee of the Company will resign from the position of Chief Executive Officer of the Company at the same day but will remain as Chairman of the Board, an executive Director and the Chairman of nomination committee of the company. Mr. Yi confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as the Chief Executive Officer of the company that need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.

Mr. Lin, joined the Company in February 2016 and served as the vice president of the Group. He has served as the general manager of Chongqing New Town project and Chongqing Banan project. He has served as the Chief Operating Officer of the Group since April 2016.

Prior to joining the Group, Mr. Lin joined Wanke Group in April 1991 and served as the director of the research office of Wanke Group from March 1992 to December 1994, the deputy general manager of Shanghai Wanke Real Estate Company from December 1994 to November 1996 and served as the general manager of Beijing Wanke Real Estate Company from November 1996 to January 2000.