The board of directors of GR Properties Limited announced the Mr. Guan Zheng Michael resigned as an independent non-executive Director of the company, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Board, respectively, effectively July 12, 2017. The resignation of Mr. Guan was due to his own decision to devote more time on his other business commitments. The board also announced the appointment of Mr. Au Yeung as an independent non-executive Director of the company, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Board, respectively, effectively July 12, 2017. Mr. Au Yeung currently serves as chief financial officer of PRC Property Business of South China Group, including South China Holdings Company Limited, South China Financial Holdings Limited and South China Assets Holdings Limited. Meanwhile, he is also an independent non-executive director of China LNG Group Limited, a company listed on the Stock Exchange of Hong Kong Limited.