The board of directors of Guangzhou R&F Properties Co., Ltd. announced that Mr. Cheung Sze Yin ("Mr. Cheung") has resigned as the joint company secretary of the Company (the "Joint Company Secretary") with effect from 25 January 2021. Mr. Cheung 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 or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board announced that Mr. Michael Lee ("Mr. Lee") has been re-designated from the Joint Company Secretary to sole company secretary of the Company with effect from 25 January 2021. The Company has received a confirmation from the Stock Exchange pursuant to which it agrees that Mr. Lee is qualified to act as the sole company secretary of the Company under Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange.