The board of directors of Shanghai Zendai Property Limited announced that, with effect from 13 October 2017 Mr. Tang Jian has been appointed as an executive Director and Ms. Wang Zheng has been appointed as a non-executive Director. Mr. Tang Jian aged 41, has been appointed as an executive Director of the company since 13 October 2017 and the senior vice president of the Company since 30 September 2017. Mr. Tang has been working with the company since 2003. Mr. Tang was an executive Director of the company from May 2003 to May 2015, the authorised representative of the company from June 2003 to May 2015 and the chief executive officer of the company from June 2015 to September 2017. Ms. Wang Zheng, aged 46, has been appointed as a non-executive Director of the Company since 13 October 2017. Ms. Wang joined in June 2015, and currently serves as an executive director. Ms. Wang has 21 years of experience in real estate industry. Prior to this, Ms. Wang served as the vice general manager and the general manager of the Real Estate Business Department of China Energy and Fuel Company Limited and the vice general manager and the investment director of Sanjiu Pan-China Construction & Development Co. Ltd. .