The board of directors of Kaisa Group Holdings Ltd. announced that Mr. Zhang Jianjun has been appointed as an executive director and a vice-chairman of the company with effect from 20 March 2018. Mr. Zhang was a professor at Central South University and Hunan University from 1985 to 1995. Mr. Zhang has extensive experience in financial management. Prior to joining the Group, Mr. Zhang worked at the People's Bank of China from June 1995 to December 2016 and the Chief Economist of Jiangsu Sanbao Group from January 2017 to February 2018. Since October 2017, he has been appointed as an independent non-executive director of Kasikornbank (China) Company Limited. Mr. Zhang possesses outstanding management skills in financial management and deep insights of the economic development. He will be mainly responsible for the financial management of the Group.