Debao Property Development Ltd. announced that the Nominating Committee has recommended the appointment of Mr. Yuan Jiajun as an Executive Director of the Company, and the Board of Directors has approved his appointment based on qualifications and working experience. Mr. Yuan Jiajun will work closely with the current Board and management of the Group to manage the Group's property development activities and the Group s operations in Sihui City. The appointment date is April 19, 2018.