The board of directors of Guangdong Land Holdings Limited announced that Mr. ZENG Yi has tendered his resignation as an Executive Director of the company due to the change in work arrangements with effect from 28 October 2019. Mr. ZENG Yi has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board also announced that Ms. ZHU Guang has been appointed as an Executive Director of the Company with effect from 28 October 2019. Ms. ZHU Guang has over 17 years of extensive experience in financial management, auditing and accounting. She is currently the deputy general manager of the investment and capital operations department of Guangdong Holdings.