Landsea Green Properties Co., Ltd. announced that Mr. Zhou Yimin will retire by rotation at the forthcoming annual general meeting of the company to be held on June 30, 2021 pursuant to bye-law 87(1) of the bye-laws of the company. Mr. Zhou would like to spend more time pursuing his own business, thus, it is confirmed that Mr. Zhou will not offer himself for re-election at the AGM and will retire upon conclusion of the AGM. He will also cease to be a member of the audit committee of the company upon his retirement; and Mr. Liu Pengpeng has been appointed as a non-executive Director and a member of the Audit Committee in place of Mr. Zhou with effect from June 30, 2021. Mr. Liu is the managing director of the asset management department of Ping An Real Estate company Limited. Prior to joining Ping An Real Estate company Limited in 2015, he worked in China Overseas Development Company Limited, Shenzhen Yitian Group Co., Ltd., COFCO Property Group and KWG Group Holding etc. well-known property development companies, and had been an architect, general manager of design department, group vice president. He has over 25 years' experience in the property development industry.