China Best Group Holding Limited announced that Mr. Liu Wei has resigned as the chief executive officer of the Company but will remain as an executive director, the chairman of the executive committee of the Company and a director of several subsidiaries of the Company; and Mr. Qin Jie has been appointed as an executive director, a member of the executive committee of the Company and the chief executive officer of the Company. The changes are effect from 22 January 2020. Mr. Qin has nearly 30 years of experience in the real estate construction management industry.

He served as the chief engineer in COSCO Real Estate Development Co. Ltd. from 2002 to 2004; the project general manager, general manager of the intercity company and regional deputy general manager of the eastern China in Neo-China Group (Holdings) Limited from 2004 to 2009.