The board of directors (the "Board") of Minmetals Land Limited hereby announced that: Mr. Liu Zeping resigned as an executive director, a deputy managing director and a member of the executive committee of the Company with effect from 26 March 2020 in order to devote more time to his other commitments; and Mr. Liu Bo was appointed as an executive director, the Managing Director and a member of the executive committee of the Company with effect from 26 March 2020. Mr. Liu Bo acts as the General Manager of the Company since January 2019.