China New Town Development appoints Qian Yifeng as Executive Director

Qian shall continue to be the General Manager of Wuxi Hongshan New Town Development.

On the recommendation of the Nominating Committee of China New Town Development Co. Ltd, the Board has appointed Mr. Qian Yifeng as Executive Director of the Company and considered him a suitable candidate for this position based on the strength of his calibre and experience.

Mr. Qian holds Master Degree in Environment and Energy Management from University of Twente, Netherlands and Bachelor Degree in Civil Engineering from Harbin Engineering University, China, accoring to a China New Town Development report.

Mr. Qian has been appointed as one of the Executive Directors, he shall continue to be the General Manager of Wuxi Hongshan New Town Development Co. Ltd., and take full responsibility for managing and overseeing the development of the Wuxi Project, and will actively participate in the Board decision making.

In the past, Mr. Qian worked as Assistant President, Deputy Director in China New Town Development Co. Ltd., General Manager and Vice President in Wuxi Hongshan New Town Development Co., Ltd.

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