The board of directors of Minmetals Land Limited announced that due to changes in work posting, Ms. He Xiaoli was re-designated from an executive director to a non-executive director of the Company and no longer acting as a deputy managing director and a member of the executive committee of the Company with effect from 29 November 2018; and Mr. Chen Xingwu was appointed as an executive director and a member of the executive committee of the Company with effect from 29 November 2018. Mr. Chen Xingwu was appointed as a deputy general manager of the Company in June 2018. Mr. Chen joined China Minmetals Corporation in 1991. Mr. Chen has been serving various departments and subsidiaries of China Minmetals group for international trading, financing of international merger and acquisition and corporate management businesses and has extensive experience in strategic financing and investment, and corporate financial management.