DreamEast Group Limited announced management changes. The board of directors of DreamEast Group Limited announced that Zhou Zheng and Zhou Jin tendered their resignation as executive Directors with effect from October 12, 2020, as they need to devote more time to their other engagements. Following their resignation, Mr. Zhou Zheng will also cease to be the Chairman of the Board, the Authorised Representative of the Company and the chairman of the Nomination Committee of the Company; and Ms. Zhou Jin will cease to be the Chief Executive Officer of the Company, all with effect from October 12, 2020. The board also announced appointment of Cao Rucang as an executive Director and the Chairman of the Board with effect from October 12, 2020. Zhou Zhitao has been appointed as an executive Director, the Authorised Representative and the Chief Executive Officer of the Company with effect from October 12, 2020. Cao Rucang has more than 20 years of experience in property development. He has joined SkyOcean Holdings Group Co. Ltd. since 2011 and is currently a general manager of the Company. Prior to that, he served as the general manager in Zhaosheng International Investment Co. Ltd. and the vice general manager in China Railway Construction Group Ltd. Mr. Cao holds a bachelor's degree in civil engineering from East China Jiaotong University. Zhou Zhitao has more than 20 years of experience in architectural design and property development industries, and has led the development of a number of large-scale residential and commercial development projects in the PRC. Mr. Zhou Zhitao has rich experience in business development and management, whereby prior to joining the Company, he has served as the President of Real Estate Division in Shenzhen Lehua Hengye Group, the Regional President in Shenzhen Taifeng Real Estate Group, and the General Manager in Guangdong Zhengyu Group, respectively. He has also served as the Deputy General Manager in Wanda Group. Mr. Zhou holds a bachelor's degree in architecture from Guangzhou University of Technology. Following Mr. Zhou Zheng's resignation, Mr. Cao Rucang will replace Mr. Zhou Zheng as the chairman of the Nomination Committee of the Company with effect from October 12, 2020.