China Yuanbang Property Holdings Limited announced the appointment of Mr. Lay Shi Wei ("Mr Lay") as Independent Director of the Company with effect from 5 April 2024. Mr. Lay will also be appointed as Chairman of the Audit Committee, a member of the Nominating Committee and Remuneration Committee respectively. The Board and Board Committees will comprise as follows: Madam Lin Yeju - Chairman, Non-Executive Director; Mr. Lay Shi Wei - Independent Director; Mr. Chong Eng Wee - Independent Director; Mr. Xia Weichang - Independent Director; Mr. Ouyang Sheng - Executive Director and Chief Executive Officer.

Mr. Zhou Jiangtao - Executive Director. Audit Committee -Mr Lay Shi Wei - Chairman, Independent Director; Mr. Chong Eng Wee - Member, Independent Director; Mr. Xia Weichang - Member, Independent Director. Nominating Committee: Mr. Chong Eng Wee - Chairman, Independent Director; Mr. Lay Shi Wei - Member, Independent Director; Mr. Xia Weichang - Member, Independent Director.

Remuneration Committee: Mr. Xia Weichang - Chairman, Independent Director; Mr. Chong Eng Wee - Member, Independent Director; and Mr. Lay Shi Wei - Member, Independent Director.