The board of directors of Future Land Development Holdings Limited announced the changes of Director and joint company secretary of the company due to restructuring of the Group's internal functions. Mr. Liu Yuanman has resigned as an executive Director with effect from March 21, 2018 due to the Group's restructuring of internal function and will be designated with other positions within the Group. Mr. Chan Wai Kin (Mr. Chan) has resigned as a Joint Company Secretary with effect from March 21, 2018 due to the Group's internal re-designation of management functions and will remain as an executive Director and focus on such role and responsibilities. Mr. Zhang Shengman has been appointed a non-executive Director with effect from March 21, 2018. Mr. Zhang Shengman has over 30 years of experience in corporate and financial matters. Mr. Zhang joined the Group in August 2016 and served as a director of Future Land Holdings Co. Ltd., from August 2016 to March 2018. Since December 2006, Mr. Zhang has been an independent non-executive director of Fosun International Limited. From May 1981 to October 1992, Mr. Zhang served various positions in the Ministry of Finance of the PRC, including deputy director. From November 1992 to October 2005, Mr. Zhang took up various roles in the World Bank, namely executive director for China, vice president and secretary and senior vice president, responsible for the World Bank's corporate and support functions. Mr. Zhang was then promoted as managing director of the World Bank and chairman of the World Bank's operations committee, sanctions committee and corporate committee on fraud and corruption policy from January 2001 to December 2006. Subsequently, Mr. Zhang joined Citigroup in February 2006 as the chairman of the Public Sector. From February 2006 to May 2016, Mr. Zhang was the vice chairman of Global Banking and chief operating officer, president and chairman of Citigroup's Asia Pacific Region. Mr. Zhang Feng has been appointed as the Joint Company Secretary in place of Mr. Chan Wai Kin with effect from March 21, 2018. Mr. Zhang Feng joined the Group since March 2011 and was actively involved in the preparation and application for the Company's listing of its shares on the Main Board of the Stock Exchange in 2012. Mr. Zhang has served various positions in the office to the Board of the company, including deputy manager, manager for securities affairs and deputy head. When serving these roles, he was mainly responsible for leading and supervising the company's capital markets activities and securities-related affairs, assisting the Board in preparing all investor-related publications, including annual and interim reports, communicating with investors and regulatory bodies and the daily compliance matters of the company. Mr. Zhang is currently the general manager of the capital market department of the company, mainly responsible for managing the Company's capital market operations, investor relations and financing activities, while supervising the corporate governance of the company to ensure the compliance with the Listing Rules by the company. Mr. Zhang will be assisted by Ms. Mok Ming Wai, the other Joint Company Secretary.