The Board of Sunac China Holdings Ltd. announced that with effect from 7 September 2015, (i) Mr. Sun Hongbin has resigned as the chief executive officer of the Company but shall remain as the chairman of the Board, an executive Director, the chairman of the nomination committee and a member of the remuneration committee of the company; (ii) Mr. Wang Mengde has resigned as the executive president and has been appointed as the chief executive officer of the company; (iii) Mr. Huang Shuping has resigned as the vice president, chief financial officer and one of the joint company secretaries of the company and has been appointed as the executive president of the company; (iv) Ms. Cao Hongling has been appointed as the chief financial officer of the company; and (v) Mr. Gao Xi has been appointed as one of the joint company secretaries of the company.