The board of directors of Joy City Property Limited ("company") announced the following changes with effect from 16 January 2017: Mr. MA Jianping has resigned as a non-executive Director and has ceased to be a member of the remuneration committee of the company. Mr. MA Wangjun has resigned as a non-executive Director and has ceased to be a member of the audit committee of the company. Ms. JIANG Hua has resigned as a non-executive Director. Mr. JIANG Chao has been appointed as a non-executive Director. Mr. ZENG Xianfeng has been appointed as a non-executive Director and a member of the Audit committee and Mr. JIA Peng has been appointed as a non-executive Director. Mr. JIANG Chao joined COFCO Corporation in June 1994 and had served in various positions. He was a general manager of training division of human resources department of COFCO from August 2000 to October 2007, a deputy director of human resources department of COFCO from October 2006 to October 2007, a deputy general manager of China Agri-Industries Limited and the general manager of human resources department of China Agri-Industries Limited from October 2007 to January 2014, and a deputy general manager of COFCO Trading Limited from January 2014 to October 2016. Mr. ZENG Xianfeng joined COFCO Group in September 1996 and had served in various positions, including a manager of finance department and a deputy general manager of COFCO Futures Co. Ltd. from September 1996 to January 2006, a deputy general manager and executive deputy general manager of the oilseeds division of China Agri-Industries Holding Limited and a deputy general manager of finance department of China Agri-Industries from January 2006 to July 2012, the general manager of the oilseeds division of China Agri-Industries from July 2012 to August 2014, and a deputy general manager of China Agri-Industries from March 2014 to November 2016. Mr. JIA Peng joined China National Native Produce and Animal By-Products Import & Export Corporation in 1993 and had served in various positions, including the general manager of China TuXi Africa SanLi Co., Ltd, a deputy general manager of China Feed Import and Export Corporation, the general manager of China's native products of Yunnan Tea Import and Export Company, the general manager and chairman of Yunnan Chinese Tea Industry Limited, the deputy general manager and the general manager of China Tea Limited.