Y. T. Realty Group Limited announced that with effect from 10 November 2021, Mr. Cheung has resigned as an executive Director, chairman of the Board of the Company. Mr. Cheung has accordingly ceased to be a member and the chairman of the nomination committee, a member of the remuneration committee, an authorised representative of the Company under the Listing Rules, and an authorised representative of the Company for accepting service of process and notices in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent"). Ms. Tung Wai Lan, Iris has resigned as an executive Director. Mr. Wong, an executive Director, has been appointed the Chairman, Managing Director, a member and the chairman of the Nomination Committee, a member of the Remuneration Committee and an Authorised Representative all with effect from 10 November 2021. Mr. Wong was appointed executive Director of the Company on 15 October 2019 and is a member of the executive committee of the Company and director of certain other members of the Group. Mr. Wong has more than 20 years of extensive experience in investments, operations and business management, and is particularly passionate about promoting enterprise innovation. He is a pragmatic entrepreneur and has experience in forming joint ventures with large enterprises to jointly operate and develop the markets. He has engaged in various businesses including comprehensive large-scale real estate development, infrastructure construction, oil and natural gases, and fast-moving consumer goods. He is a director of Joybeam Global and Ever Lead.