The board of directors of Yuexiu Property Company Limited has announced that Mr. Ou Shao resigned as an executive director of the company, the General Manager, Operations of the company and from other offices held by him within the Yuexiu group with effect from 13 January 2017 in order to attend to personal matters. Mr. Ou has confirmed that he had no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company.