The board of directors of Logan Property Holdings Company Limited announced that Mr. Kei Hoi Pang, who is currently the chairman of the Board, the chief executive officer of the company and an executive director of the company, has resigned and will step down from the position as the CEO with effect from 29 January 2018. Upon his resignation as the CEO, Mr. Kei continues to hold the office as the chairman of the Board, an executive director of the company and remains as the chairman of the nomination committee of the company as well as a member of the remuneration committee of the company. Following the resignation of Mr. Kei as the CEO, Mr. Ji Jiande, an executive director of the company, has been appointed as the CEO with effect from 29 January 2018.

Mr. Ji Jiande was appointed as an executive director of the Company on 18 November 2013. Mr. Ji was also the Group's vice president and chief operating officer. The Board announced that Mr. Chen Guanzhan has tendered his resignation as an executive director of the company and from all positions with the Group with effect from 29 January 2018 in order to pursue his other personal matters and commitments.