Reference is made to the announcements of CIFI Holdings (Group) Co. Ltd. dated 27 July 2017 and 10 August 2017 respectively regarding subscription of 545,000,000 shares of the Company by Ping An Life Insurance Company of China Ltd. which was completed on 10 August 2017. As at the date of this announcement, Ping An Investor together with its associates hold approximately 9.86% of the total issued share capital of the Company. As disclosed in the announcement of the Company dated 27 July 2017, Ping An Investor would have the right to nominate for appointment a person designated by Ping An Investor as a non-executive member of the board of directors of the company. The board would like to announce that Mr. Zhou Yimin, who was nominated by Ping An Investor, was appointed as a non-executive Director with effect from 18 December 2017.