Kaisa Prosperity Holdings Limited announced that Mr. Xie Binhong ("Mr. Xie") has tendered his resignation as an executive Director with effect from 16 April 2024 in order to allow himself more time to devote to his other personal endeavours. The Board announced that Mr. Kwok Ying Shing ("Mr. Kwok") has been appointed as an executive Director of the Company with effect from 16 April 2024. Mr. Kwok Ying Shing, aged 59, is the chairman, an executive director, the chairman of the nomination committee and a member of the remuneration committee and a substantial shareholder of Kaisa Group Holdings Ltd., a company listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") (Stock Code: 1638).

Kaisa Group Holdings Ltd. is the controlling shareholder of the Company, holding approximately 67.18% of the issued share capital of the Company as at the date of this announcement. Mr. Kwok has extensive experience in real estate development, investment and financing management. Mr. Kwok is also the chairman and an executive director of Kaisa Capital Investment Holdings Limited, a company listed on the Stock Exchange (Stock Code: 936), the co-chairman and an executive director of Sing Tao News Corporation Limited, a company listed on the Stock Exchange (Stock Code: 1105), and an executive director of Kaisa Health Limited, a company listed on the Stock Exchange (Stock Code: 876).

Mr. Kwok is the father of Mr. Kwok Hiu Kwan, an executive Director of the Company. Save as disclosed above, as of the date of this announcement, Mr. Kwok (i) has not held any other directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years preceding the date of this announcement or any other major appointments and professional qualifications; (ii) does not hold any other positions in the Company and other members of the Group; and (iii) does not have any other relationship with any other Directors, senior management, except for being the chairman and executive director and a substantial shareholder of Kaisa Group Holdings Ltd., which is the controlling shareholder of the Company.