The board of directors of Minmetals Land Limited announced that Mr. Sun Xiaomin resigned from the positions of non-executive director of the company and the Chairman of the Board, the chairman of the nomination committee and a member of the remuneration committee of the company with effect from 18 March 2015 due to retirement; and Mr. Zhang Yuanrong was appointed as a non-executive director of the company and the Chairman of the Board, the chairman of the nomination committee and a member of the remuneration committee of the company with effect from 18 March 2015.