The board of directors of Yuzhou Properties Company Limited announced that Ms. Xie Mei has been appointed as a non-executive Director, with effect from September 24, 2018. Ms. Xie, has rich management experience. Ms. Xie joined Overseas Chinese Town (Asia) Holdings Limited in 2004 and is currently the executive director and chief executive officer of OCT Asia. Ms. Xie is also the assistant to the president of Shenzhen Overseas Chinese Town Company Limited. The Board believes that the extensive experience of Ms. Xie in real estate investment and corporate management will bring new impetus to the Board, and therefore further improve the corporate governance of the Group.