Yuexiu Property's executive director steps down

Liang Yi's resignation took effect immediately.

According to a release, the board of directors of Yuexiu Property Company Limited announced that Mr. Liang Yi has resigned as an executive director and a vice chairman of the Company upon his retirement, such resignation to take effect on 12 December 2012.

Mr. Liang confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the
shareholders of the Company.

The Board would take this opportunity to thank Mr. Liang for his invaluable contribution to the Company during the tenure of his service.

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