The board of directors of Kaisa Group Holdings Ltd. announced that Mr. Habibullah Abdul Rahman has resigned as the chief financial officer of the Company with effect from 3 May 2018. The Board announced that Mr. Lau Fu Keung has been appointed as the Chief Financial Officer of the Company. Mr. Lau will be primarily responsible for corporate finance, investment and financing strategies, investor relations and capital management of the Group.

Mr. Lau a wide spectrum of financial products including public and private equity and debt capital markets, loans and structured finance. Mr. Lau will join from Deutsche Bank, where he is a Director of Loans and Structured Credit team in the Global Credit Trading group. Prior to that, he was the Head of Equity Capital Markets, Greater China at Barclays Capital, and Vice President of Equity Capital Markets team at Deutsche Bank.

Mr. Lau began his career as Senior Consultant at PricewaterhouseCoopers and Auditor at Ernst & Young respectively. Mr. Lau's appointment will take effect from 11 June 2018. From 3 May 2018 to 10 June 2018, the duties of the Chief Financial Officer will be carried out by Mr. Yu Kwok Leung, who is the Company Secretary and financial controller of the Group.

Mr. Rahman has also resigned from his role as the company secretary of the Company with effect from 3 May 2018. The Board further announced that Mr. Yu Kwok Leung has been appointed as the Company Secretary with effect from 3 May 2018. Mr. Yu joined the Group as the financial controller in April 2016 and is responsible for financial reporting, company secretarial duties and corporate finance activities of the Group.

He has many years of experience in accounting and finance. Prior to joining the Group, Mr. Yu was the financial controller of a listed company in Hong Kong and as a senior audit manager in one of the international accounting firm.