The board of directors of Sunac China Holdings Limited announced that Mr. Tse Chi Wai will not renew his appointment letter with the company upon the expiry of the current term on 19 December 2017, and has tendered his resignation as an independent non-executive director, a member of the audit committee of the company and a member of the remuneration committee of the company with effect from 19 December 2017 in order to devote more of his time to his personal affairs and other business commitments.