Shanghai New World Co. Ltd. held the 1st session of the 9th directorate meeting on June 27, 2014, which discussed and approved the "Proposal of Electing Xu Ruohai and Xu Jiaping Chair of Directorate and Vice Chair of Directorate Respectively", the "Proposal of Renewing Appointment of Xu Jiaping General Manager and Newly Appointing Wang Wenhua Secretary to 9th Directorate" and the Proposal of Renewing Appointment of Zhang Yi and Ye Jianying Deputy General Managers, Renewing Appointment of Wu Shengjun CFO and Newly Appointing Wang Wenhua Deputy General Manager.