The board of directors of Kaisa Group Holdings Ltd. announced that Mr. Zhang Jianjun has tendered his resignation as an executive Director and a vice chairman of the company with effect from 4 January 2019 due to his personal health reason. Following his resignation as a Director, Mr. Zhang will become a senior consultant of the company. The Board announced that Mr. Weng Hao has been appointed as an executive Director with effect from 4 January 2019. Mr. Weng was appointed as the Chief Operating Officer of the Group in December 2018, meanwhile, served as the chairman of Golden Bay International Park Company (a Joint Venture of the Group) and Kaisa Technology & WEWA Space Group, mainly in charge of management. Mr. Weng joined the Group in June 2003, and has served as the Assistant General Manager of project management department of the Group, general manager of Nanjing branch of real estate Group, executive vice president and president of real estate Group, chairman and president of Shanghai region real estate business, executive vice president of the Company etc.