The board of directors of China SCE Property Holdings Limited announced that Mr. Li Wei has tendered his resignation as executive Director with effect from 1 January 2017 as Mr. Li would like to focus his time on his other commitments. By virtue of mutual agreement between the Company and Mr. Li, the service agreement for the appointment of Mr. Li as executive director dated 6 January 2010 and entered into between the company and Mr. Li will terminate with effect from 1 January 2017. Mr. Li has confirmed that he has no disagreement with the Board and there is no other matter which needs to be brought to the attention of the shareholders of the Company in respect of his resignation. Following the resignation of Mr. Li as an executive Director, he will cease to be the chairman of the corporate governance committee of the company with effect from 1 January 2017. Mr. Huang Youquan has been appointed as the chairman of the corporate governance committee of the Company with effect from 1 January 2017.