Landsea Green Group Co., Ltd. announced that effect from 23 November 2018, Mr. Xiang Jiong resigned as an executive Director and Chief Executive Officer as he would like to focus on the role as Chief Executive Officer of Landsea Group Co., Ltd. Mr. Wang Lei was appointed as an executive Director and Co-Chief Executive Officer of the company. Mr. Xiang confirmed that he has no disagreement with the Board or the company and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. Mr. Wang was appointed as the executive Vice President and Chief Executive Officer of Real Estates Division of Landsea Group on 9 May 2018.

He had been the general manager of Shanghai regional properties company of the Group.