The board of directors of China Logistics Property Holdings Co., Ltd. announced that each of Mr. Ong Tiong Sin and Mr. Liu Xiangge has tendered his resignation as a non-executive director of the company with effect from August 17, 2017, due to their intent to devote more time to each of their other business engagements. The board announced that, each of Mr. Cheuk Shun Wah and Ms. Shi Lianghua has been appointed as an executive director with effect from August 17, 2017. Mr. Cheuk Shun Wah has been a senior management member of the Group since 2016 and the Board believes that the company will benefit from his appointment as an executive director given his financial expertise and diverse experience at multinational companies. Ms. Shi Lianghua has been a senior management member of the Group since 2011 and the Board believes that the company will benefit from her appointment as an executive director given her technical knowledge and extensive experience.