The board of directors of China Logistics Property Holdings Co., Ltd. announced that Mr. Pan Naiyue has tendered his resignation as an executive director of the Company and the chief executive officer of the Group with effect from April 26, 2019. The Board announced that Mr. Li Shifa has been appointed as the chief executive officer of the Group with effect from April 26, 2019. Mr. Li has been a committee member of the Wuhu City Chinese People's Political Consultative Conference from January 2013 to July 2018.

The Board resolved to appoint Mr. Xie Xiangdong as an executive director of the Company with effect from April 26, 2019. He was appointed as the director of assets management department of Shanghai Yupei in January 2014 and subsequently appointed as a vice president of Shanghai Yupei in May 2018, being responsible for the management of the Group's assets and properties.