The board of directors of Shui On Land Limited announced that Mr. WONG Yuet Leung, Frankie will cease to be the Acting Chief Financial Officer of the company with effect from 4 January 2016; and Mr. SUNG He Hau, Douglas will be appointed as an Executive Director and the Chief Financial Officer of the company with effect from 4 January 2016 following the resignation of Mr. WONG Yuet Leung, Frankie as the Acting Chief Financial Officer. Mr. SUNG He Hau, Douglas, has over 20 years of experience in the Asia real estate industry, ranging from research, capital market, direct investment and fund management. Prior to joining the company, Mr. Sung was the Managing Director and Head of Real Estate of Verdant Capital Group and the Managing Director and Portfolio Manager of JPMorgan Greater China Property Fund.