The board of directors of Xiwang Property Holdings Company Limited announced that Mr. Yu Chi Kit has been appointed as the company secretary of the company and the authorized representative of the company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and for the purposes of the service of process in Hong Kong under the Companies Ordinance respectively with effect from 1 November 1, 2019. He holds a Bachelor's degree in business administration from the Chinse University of Hong Kong. He is also a member of the Hong Kong Institute of Certified Public Accountants. Mr. Yu has extensive experience in accounting, auditing and company secretarial practice in Hong Kong. Meanwhile, the Board announced that Mr. Wang Jin Tao, an executive director of the company, will cease to act as the Authorized Representative with effect from November 1, 2019.