The board of directors of China South City Holdings Limited announced that the following changes have taken place with effect from 25 July 2017: Dr. Ma Kai Cheung, for the purpose of devoting more time to his personal business and community affairs, has tendered his resignation as the Co-Chairman of the Group but shall remain as a Non-Executive Director of the Company; As Dr. Ma Kai Cheung has resigned as the Co-Chairman of the Group, Mr. Cheng Chung Hing has been re-designated as the Chairman of the Group and ceased to act as Co-Chairman of the Group. He will remain as an Executive Director of the Company; and Mr. Sun Kai Lit Cliff, Dr. Ma Wai Mo and Mr. Leung Moon Lam, for the purpose of devoting more time to their personal business and community affairs, and further to enable the Company to comply with Rule 3.10A of the Rules Governing the Listing of Securities (the Rule 3.10A) on The Stock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange) which requires that the number of Independent Non-Executive Directors shall not be less than one-third of the Board, have all tendered their resignations as Non-Executive Directors of the Company. They have, respectively, accepted the Company's sincere invitation to act as Honourable Advisers of the Group and shall continue to provide their valuable guidance and advice for the better development of the Group.