Shimao Property Holdings Ltd. announced that Ms. Tang Fei and Mr. Liao Lujiang have been appointed as executive directors of the company with effect from February 6, 2013. Ms. Yao Li has resigned as a non-executive director of the company with effect from February 6, 2013. Mr. Hui Wai Man, Lawrence has resigned as the chief financial officer of the company effective April 6, 2013.

Ms. Tang Fei has joined the company since July 2004. Ms. Tang is currently a vice president and financial controller of the company, responsible for the financial control of the company. Prior to joining the company, Ms. Tang worked in the internal audit department of Bank of China, Head Office from 1992 to 1998.

She also worked in the audit department and treasury department of Bank of China (Hong Kong) Limited from 1999 to 2004. Mr. Liao Lujiang has joined the company since January 2011. Mr. Liao is currently the chief operation officer of the company, responsible for management of enterprise operation, human resources, information system and administrative support of the company.

Prior to joining the company, Mr. Liao worked in Ianjia Group as senior human resources manager of northern district from 2003 to 2006. From 2006 to 2010, he worked for Beijing Longfor Properties Co. Ltd. as deputy human resources general manager and the chief human resources officer (property).

Ms. Yao Li has resigned as a non-executive director of the company with effect from February 6, 2013 due to re-allocation of her job duties. She will continue to serve as a director and the president of Straits Construction Investment (Holdings) Limited. Mr. Hui Wai Man, Lawrence has resigned as the chief financial officer of the company due to his pursuit of other career opportunities effective April 6, 2013.