The board of directors of Ground International Development Limited hereby announces that Mr. Xiang Qiang had tendered his resignation as an executive Director and the chief executive officer of the company and all other positions with the subsidiaries of the company in order to focus on his other business development with effect from 9 November 2018. Xiang has confirmed that he has no disagreement with the Board and that there is no other matter relating to his resignation that is required to be brought to the attention of the holders of securities of the Company or The Stock Exchange of Hong Kong Limited.