The board of directors of Kaisa Group Holdings Ltd. together with its subsidiaries, announced that Mr. Yu Jianqing has been appointed as an executive Director, with effect from 31 December 2014. The Board announced the following changes: the resignation of Mr. Kwok Ying Chi as a non-executive Director with effect from 31 December 2014; the resignation of Mr. Fok Hei Yu as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee with effect from 31 December 2014; the resignation of Mr. Cheung Hung Kwong as the company secretary and an authorised representative of the Company for the purpose of the Listing Rules and the Companies Ordinance with effect from 31 December 2014; the appointment of Mr. Ng Wai Cheong as the company secretary of the Company with effect from 31 December 2014; the appointment of Mr. Sun Yuenan as an authorised representative of the Company for the purpose of the Listing Rules and the Companies Ordinance, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 31 December 2014; the appointment of Mr. Zhang Yizhao as the chairman of the Remuneration Committee with effect from 31 December 2014; and the appointment of Ms. Chen Shaohuan as a member of the Audit Committee with effect from 31 December 2014. Mr. Yu is currently the chief operation officer of the Group and is primarily responsible for the general management of the engineering, cost, design and other business operation of the Group.

Mr. Ng is currently a member of Hong Kong Institute of Certified Public Accountants, a fellow member of CPA Australia, a member of Hong Kong Institute of Directors and a member of Hong Kong Securities and Investment Institute.