After the dismissal of Kaisa, Nantai Real Estate announced the list of new board members and executives

Previously, South Pacific Real Estate issued an announcement that six directors appointed by Kaisa were removed and replaced by executives nominated by the third-largest shareholder, IsZo Capital Management. On December 3, Nantai Real Estate issued an announcement announcing the specific list of new board members and senior executives.

At a special meeting held on November 30, the board of directors of South Pacific Properties announced the removal of the board of directors and management appointed by Kaisa. At the same day's meeting, Nantai Real Estate also held a voting resolution for the new board of directors and management. This was the first extraordinary meeting of the board of directors of South Pacific Properties after the reorganization, and nearly 60% of the shareholders at the meeting voted to pass the new appointment resolution. Among them, the original board members: Lai Ling Tam, Wing Yan (William) Lo, Si Zong Wu, Aiping Lyu, no longer hold board positions. Michael Cricenti, Bo Hu, Leung Lin Cheong Louis (Louis Leung), Jeffrey Tuder, Cindy Chen Delano, Paula J. Poskon joined to form the new Board of Directors.

In addition, the Board of Directors also passed the resolution to appoint Huang Zhichang as the interim CEO of Nantai Real Estate and Steven Parker as the interim CFO.

Huang Zhichang was an executive director and chief operating officer of Nantai Investment (Shenzhen) Co., Ltd., and was appointed as the CEO of Nantai Real Estate. Steven Parker has been responsible for Berkeley Consulting's financial compliance practices in Greater China and the Asia Pacific region since 2019. In addition, he has served as the Chief Financial Officer of Many Well-known International Companies such as Ferrari and McCormick in China and Asia Pacific.