Beijing Properties (Holdings) Limited announced that Mr. Qian Xu, an executive Director, the chairman and the chief executive officer of the company, has ceased to be the chief executive officer of the company with immediate effect. the company also announced that Mr. Siu Kin Wai has been appointed as the chief executive officer of the company. Mr. Wan Lee Cham has resigned as an executive Director and chief financial officer of the Company with immediate effect due to focus on other commitment and Mr. Cheng Ching Fu has been appointed as an executive Director and chief financial officer of the company.