Evergrande Property Services Group Limited announced that Mr. Duan Shengli has been appointed as an executive director. He has also been elected as the chairman of the Board, the chairman of the nomination committee and the authorised representative of the Company. Mr. Duan Shengli, aged 40, is currently an executive vice president of China Evergrande Group and chairman of Evergrande Fairyland Group.

Mr. Duan joined China Evergrande Group in July 2005 and has served in various positions, including the chairman of the Beijing company of Evergrande Real Estate Group, chairman of the Henan company of Evergrande Real Estate Group, chairman of Fairyland Creative Design Group. Mr. Duan graduated from Tsinghua University with a bachelor's degree in July 2005. Mr. Lu Peimei has been appointed as an executive director.

Mr. Lu Peimei, aged 36, is currently a vice president of China Evergrande Group. Mr. Lu joined China Evergrande Group in March 2012 and has served in various positions, including the chairman of Beijing Property Management Company of Evergrande Real Estate Group, general manager of property management center of Evergrande Real Estate Group, assistant to chairman of Xinjiang Guanghui Industrial Investment (Group) Co. Ltd. Mr. Lu graduated from Guangdong University of Foreign Studies with a bachelor's degree in June 2008 and Hong Kong University of Science and Technology with a master's degree in November 2009.

Mr. Lu is currently a non-executive director of E-House (China) Enterprise Holdings Limited, a company listed on the main board of the Stock Exchange. Save as disclosed, Mr. Lu has not been a director of any listed companies in the three years preceding the date of this announcement. Save as disclosed above, Mr. Lu has no relationship with any directors, senior management or substantial shareholders of the Company.

Ms. Yu Fen has been appointed as an executive director. Ms. Yu Fen, aged 53, is currently the vice general manager of the Group. Ms. Yu joined China Evergrande Group in November 2000 and has served in various positions, including the general manager of the finance center of China Evergrande Group, general manager of financial planning center.

Ms. Yu graduated from Guilin Institute of Electronic Technology in 1990 and Zhongnan University of Finance and Economics in 1998. Mr. Zhen Litao has resigned as an executive director of the Company, the chairman of the Board and the chairman of the nomination committee due to his involvement in the arrangement of the Pledges. Each of Mr. Zhao Changlong and Ms. An Lihong has resigned as an executive director of the Company due to their involvement in the arrangement of the Pledges and Mr. Zhao Changlong has also resigned as the authorised representative of the Company pursuant to Rule 3.05 of the Listing Rules.