Vanke Property (Overseas) Limited Board announced that Mr. Chung has ceased to be an independent non-executive director of the Company, the chairman of the nomination committee and a member of the audit committee of the Company effective upon conclusion of the AGM. The Board further announced that Ms. Law has been appointed by the Shareholders at the AGM as an independent non-executive director of the Company and by the Board as the chairman of the nomination committee and a member of the audit committee of the Company effective upon conclusion of the AGM filling the vacancies in the Board and the committees following Mr. Chung's resignation.