Kaisa Prosperity Holdings Limited announced that Mr. Liao Chuanqiang has resigned as the chairman of the Board and the chairman of the nomination committee of the Company but remained as an executive Director and has been appointed as the chief executive officer of the Company with effect from 20 May 2024. Mr. Kwok Ying Shing, an executive director, has been appointed as the Chairman of the Board and the chairman of the Nomination Committee with effect from 20 May 2024. Mr. Kwok Ying Shing, aged 59, an executive director of the Company.

Mr. Kwok is the chairman, an executive director, the chairman of the nomination committee and a member of the remuneration committee and a substantial shareholder of Kaisa Group Holdings Ltd., a company listed on the Stock Exchange of Hong Kong Limited. Kaisa Group Holdings Ltd. is the controlling shareholder of the Company, holding approximately 67.18% of the issued share capital of the Company as at the date of this announcement. Mr. Kwok has extensive experience in real estate development, investment and financing management.

Mr. Kwok is also the chairman and an executive director of Kaisa Capital Investment Holdings Limited, the co-chairman and an executive director of Sing Tao News Corporation Limited, and an executive director of Kaisa Health Limited.