The board of directors of Zhong An Real Estate Limited announced that Mr. Lou Yifei has informed the Company that he will retire from his office as an executive Director and, following his retirement, resign as directors of certain subsidiaries of the Company, all with effect from 1 September 2016. Mr. Lou has confirmed that he has no disagreement with the Board and there is no matter in relation to his retirement or resignation that needs to be brought to the attention of the shareholders of the Company.