China Overseas Land & Investment Limited announced that Mr. Luo Liang (Mr. Luo) will retire as an executive director of the company on reaching retirement age, and he will cease to be the Vice Chairman of the Board, a member of the Executive Committee and the Corporate Governance Committee of the Company and an authorized representative (the Authorized Representative) as required under Rule 3.05 of the Rules Governing the Listing of Securities (the Listing Rules) on The Stock Exchange of Hong Kong Limited with effect from 29 August 2024. Mr. Luo first joined the Group in 1999 and become an Executive Director of the Company in 2007. Following the retirement of Mr. Luo, Mr. Guo Guanghui, an executive director of the company, will act as the authorized representative of the company under Rule 3.05 of the Listing Rules with effect from 29 August 2024.