KWG Property Holdings appoints Li Bin Hai as Director

Mr Li has been cosen to the post because good experience has made him capable of providing good suggestions to the Company.

The Board of KWG Property Holdings appoints Li Bin Hai as Director.

Mr. Li, 63, was the former chairman of Poly Real Estate Group Co., Ltd., a company listed on the Shanghai Stock Exchange, who retired on 31 May 2010 after 18 years at the helm of Poly Real Estate. Before his retirement, he held various positions within the Poly Real Estate Group, including the general manager of Guangzhou Poly Real Estate Development Corporation, director and deputy general manager of Poly Southern Group Co., Ltd. and chief economist of China Poly Group Corporation, according to a KWG Property Holdings report.