The Board of Hopson Development Holdings Limited announced the following changes with effect from 1 November 2020. Mr. Xi Ronggui has resigned as an executive Director and a member of each of the finance committee and the option shares committee of the Company due to his desire to devote more time to his personal endeavours. Mr. Zhang Fan has been appointed as an executive Director and a member of each of the finance committee and the option shares committee of the Company. Mr. Zhang joined the Group in March 2018 as a director of a project company subsidiary of the Company.