The Board of Greenland Hong Kong Holdings Limited announced that due to the operational and management needs of the Company and its subsidiaries, Mr. Luo Weifeng and Mr. Li Yongqiang have been appointed as Executive Directors with effect from 17 May 2024, that Mr. Chen Jun and Mr. Hou Guangjun have resigned as Executive Directors with effect from 17 May 2024, and that due to his desire to devote more time to other business commitments, Dr. Lam has resigned as Independent Non-executive Director with effect from 17 May 2024. The Company is announced the following changes to the Board with effect from 17 May 2024: appointment of Mr. Luo Weifeng as Executive Director, Chairman of the Board, Chairman of the Nomination Committee and a member of the Remuneration Committee of the Board; appointment of Mr. Li Yongqiang as Executive Director and a member of the Nomination Committee of the Board; resignation of Mr. Chen Jun as Executive Director and Chairman of the Board, his ceasing to be Chairman of the Nomination Committee and a member of the Remuneration Committee of the Board, and his appointment as Honorary Chairman of the Board; resignation of Mr. Hou Guangjun as Executive Director and a member of the Nomination Committee of the Board; and resignation of Dr. Lam as Independent Non-executive Director, a member of each of the Nomination Committee, the Remuneration Committee and the Audit Committee of the Board. Mr. LUO Weifeng, aged 60, a member of the Communist Party, has been the chief executive officer of the Company since he joined the Company on 15 June 2023 and presides over the day-to-day management of the Company.

Since his graduation from Renming University of China as mentioned below, Mr. Luo Weifeng worked in various governmental departments. Since 2000 and prior to his joining of the Company, Mr. Luo Weifeng served successively as the secretary of the Guangzhou Municipal Committee of the Communist Youth League, the mayor of Panyu District of Guangzhou, the secretary of the district committees of Baiyun and Luogang Districts of Guangzhou, the secretary and the director of the Guangzhou Development District and the Sino-Singapore Guangzhou Knowledge City, the vice mayor of Guangzhou, the deputy secretary of the Party Committee and the mayor of Shaoguan City, Guangdong Province, and the president of SPG Investment (Holding) Limited and SPG Group Holdings Limited. Mr. Luo Weifeng graduated from Renmin University of China, and obtained a postgraduate degree from the Party School of the Provincial Committee of Guangdong Province of the Communist Party of China and an executive master's degree in business administration from Sun Yat-Sen University.

Mr. LI Yongqiang, aged 46, a member of the Communist Party, is currently the Vice President of the Company and the President of the Southern China regional company of the Group. Mr. Li Yongqiang joined the Company in September 2018. Since his graduation from Nanjing Tech University as mentioned below, Mr. Li Yongqiang has been engaged in the real estate industry for more than 20 years.

Prior to his joining of the Company, he served successively as the General Manager of the Changzhou Project of China Resources Land Limited, the Assistant General Manager of the subsidiaries of China Resources in Wuxi and Changzhou and the General Manager of the subsidiaries of China Resources in Xuzhou and Suzhou. Since his joining of the Company in 2018, he has served successively as the General Manager of the subsidiaries of the Company in Suzhou and the Shanghai Metropolitan Coordinating Region, the Assistant President of the Company and Executive Vice President of the Southern China regional company of the Group, and the Vice President of the Company and President of the Southern China regional company of the Group. Mr. Li Yongqiang obtained a master's degree in engineering management by Nanjing Tech University.

Mr. Li Yongqiang was conferred the honorary titles of "Outstanding Manager of Greenland Hong Kong for 2019", "Outstanding Manager of Greenland Hong Kong for 2020", "Special Award for President of Greenland Group in the First Half of 2020", "Model Staff of Greenland Group in 2020" and "Advanced Individual Award of Greenland Group in the First Half of 2021". Mr. Chen Jun tendered his resignation and stepped down as Executive Director and Chairman of the Board with effect from 17 May 2024 due to the operational and management needs of the Group. Thereafter, Mr. Chen Jun ceases to be Chairman of the Nomination Committee and a member of the Remuneration Committee of the Board.

Mr. Chen Jun has confirmed that he has no disagreement with the Board, and there is no other matter relating to his resignation that needs to be brought to the attention of the Shareholders. The Board has appointed Mr. Chen Jun as Honorary Chairman of the Board with effect from 17 May 2024. Mr. Hou Guangjun tendered his resignation and stepped down as Executive Director with effect from 17 May 2024 due to the operational and management needs of the Group.

Thereafter, Mr. Hou Guangjun ceases to be a member of the Nomination Committee of the Board.