The board of directors of Shanghai Zendai Property Limited (the ‘Company’) announced that (i) Mr. Ng Man Kung has been appointed as the chairman of the remuneration committee of the Board (the ‘Remuneration Committee’) and (ii) Dr. Xu Changsheng has been appointed as a member of the nomination committee of the Board (the ‘Nomination Committee’), a member of the Remuneration Committee, and a member of the audit committee of the Board (the ‘Audit Committee’), all with effect from 25 November 2020.