The board of directors of Central China Real Estate Limited announced that Mr. Sun Yuyang has been appointed as an independent non-executive Director with effect from 8 January 2018. Mr. Sun, aged 61, he has extensive experience in securities market and venture investment management. Mr. Sun has been the division head of the Guizhou Economic Reform Commission, the deputy head of the Policy Inspection Bureau of the Policy Research Office under the Communist Party in Shenzhen, the deputy general manager of Shenzhen Securities Clearing Company and the first chief executive officer of The Shenzhen Stock Exchange. Mr. Sun also served as the assistant general manager of Shum Yip Holdings Company Limited, the deputy general manager of Shum Yip Investment Limited, the chairman and chief executive officer of China High-tech Investment Management Co., Ltd, the president of Penghua Fund Management Co. Ltd. as well as the vice president and consultant of Guoxin Securities Co. Ltd.