The board of directors (the Directors) of Vanke Overseas Investment Holding Company Limited (announces that Ms. Law Chi Yin, Cynthia (Ms. Law) has resigned as an independent non-executive Director with effect from 23 May 2024 in contemplation that she would have served the Company more than 9 years. Accordingly, Ms. Law will also cease to be the chairman of the nomination committee of the Company (Nomination Committee) and a member of the audit committee of the Company (Audit Committee) with effect from 23 May 2024. Ms. Law has confirmed that she has no disagreement with the Board and she is not aware of any matter in relation to her resignation that should be brought to the attention of shareholders of the Company (the Shareholders) and The Stock Exchange of Hong Kong Limited (the Stock Exchange).

The Board announced that Mr. Ching Hiu Yuen (Mr. Ching) has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of the Audit Committee with effect from 23 May 2024. Mr. Ching, aged 57, has over 20 years of professional experience in investment management, investment banking and corporate banking with China focus. Mr. Ching is currently a senior managing director in CITIC Capital Holdings Limited (CITIC Capital), a managing partner and a co-head of CITIC Capital Real Estate Group.

Prior to joining CITIC Capital, he has worked in the HSBC Group from 1998 to 1999, Societe Generale Asia (Hong Kong and Shanghai) from 1996 to 1998, and Industrial Bank of Japan (Hong Kong Branch) from 1994 to 1996. Mr. Ching received a bachelor degree of arts in accounting from the University of West Florida in 1990, and a master degree of science in finance from Temple University in 1994. He also received a diploma in Chinese laws from Peking University in 2000.

As a result of the resignation of Ms. Law, she will cease to act as the chairman of the Nomination Committee and a member of the Audit Committee, and Mr. Ching will be appointed as the chairman of the Nomination Committee and a member of the Audit Committee with effect from 23 May 2024. The Board also announces that Ms. Yip Hoi Man (Ms. Yip), the chief executive officer of the Company and an executive Director, has been appointed as an alternate Director to Mr. Sun Jia (the Alternate Director), the chairman of the Company and an executive Director with effect from 23 May 2024. The biographical details of Ms. Yip are set out below pursuant to Rule 13.51 (2) of the Listing Rules.

Ms. Yip, aged 41, has been the chief executive officer of the Company, an executive Director and a member of the Remuneration Committee since 1 August 2023. Ms. Yip joined Vanke Property (Hong Kong) Company Limited (VPHK, an intermediate holding company of the Company) in 2014 and has been responsible for the finance, taxation and internal control related matters. Since December 2017, Ms. Yip has successively held the positions of Financial Controller, Chief Financial Officer and Company Secretary of the Company.

She is currently the Chief Partner of the Overseas Business Unit of China Vanke Co. Ltd. (China Vanke, the controlling shareholder of the Company and a company whose H shares are listed on the Stock Exchange and A shares are listed on the Shenzhen Stock Exchange (stock code: 000002)), and also the managing director of VPHK. She is currently a director of various subsidiaries of the Company and various subsidiaries of China Vanke.

Prior to joining VPHK, Ms. Yip worked at Deloitte Touche Tohmatsu for 9 years. Ms. Yip graduated with a bachelor's degree in business administration in accounting and finance in 2004 from the University of Hong Kong. Ms. Yip is a member of the Hong Kong Institute of Certified Public Accountants.