China Overseas Land & Investment Limited announced that Mr. Xiao Xiao cease to act concurrently as Chief Executive Officer of the company, and Mr. Yan Jianguo be appointed as Executive Director and Chief Executive Officer of the company. r. Yan had worked in China State Construction Engineering Corporation from 2011 to June 2014 and had been Director of the General Office, Chief Information Officer and Assistant General Manager. Mr. Yan joined Longfor Properties Co.

Ltd. June 2014 and resigned on 5 December 2016. During the period, he had held a number of positions including Executive Director and the Senior Vice President. Mr. Yan has about 27 years' experience in construction business, real estate investment and management.