The board of directors of Guangzhou R&F Properties Co., Ltd. announced that Mr. Huang Kaiwen has resigned as an independent non-executive director of the company and a member of the remuneration committee of the Board (the Remuneration Committee) with effect from the conclusion of he annual general meeting of the company to be held on 29 May 2015 due to his retirement. Mr. Huang has confirmed that he has no disagreement with the Board of the company and that there is no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company. Following the retirement of Mr. Huang, the Board proposes to appoint Mr. Ng Yau Wah, Daniel as an independent non-executive director and a member of the Remuneration Committee, subject to approval by the shareholders at the AGM, with effect from 30 May 2015.

He is currently the executive director of Gayloy Limited, a company engaged in real estate property management and investment, leasing of property and rental of parking spaces in Hong Kong.