The board of directors of China Merchants Land Limited announced that Mr. Hu Jianxin has resigned as an executive director of the company, with effect from 10 March 2014. Mr. Hu's resignation was due to job relocation within the China Merchants Group. The Board also announced that Mr. Xian Yaoqiang has been appointed by the Board as an executive director of the company, with effect from 10 March 2014.

Mr. Xian will hold office as a director until the first general meeting of the company after his appointment and shall then be eligible for re-election by the shareholders of the company at that general meeting. Prior to joining the Group, Mr. Xian worked in the department of construction project management of Foshan Construction Bureau from April 2005 to March 2008.