The board of directors of Great China Properties Holdings Limited announced that Mr. Huang Shih Tsai has been re-designated from a non-executive Director to an executive Director with effect from 5 April 2013. Mr. Huang remains the chairman of the Company and its subsidiaries and he continues to serve as a member of the remuneration committee and as a member and the chairman of the nomination committee of the Company. Mr. Huang, aged 61, has been the non-executive Director since 29 June 2007.

Mr. Huang is also the authorised representative and director of Waytung Global Holding (China) Limited and Great China (Huizhou) Limited.