The board of directors of Ground Properties Company Limited announced that Ms. Chai Xiu had tendered her resignation as the chief executive officer of the Company with effect from 10 November 2015 in order to devote more time on her other business commitment. Ms. Chai will remain as an executive director and the chairman of the Company. The Company is in the process of identifying a suitable candidate to assume the role as Chief Executive Officer and further announcement in this regard will be made as and when appropriate.

In the meantime, the duties of Chief Executive Officer will be taken up by Mr. Wang Guanghui and Mr. Huang Bingxing, the executive directors of the Company and the president of the Company's respective business units. Ms. Chai has confirmed that she has no disagreement with the Board and that there is no other matter relating to her resignation as Chief Executive Officer that are required to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.