The board of directors of Zhaobangji Properties Holdings Limited announced that with effect from 29 September 2021, Mr. Wu Hanyu has tendered his resignation as executive Director and a member of the investment committee of the Company due to the Group's operational decision, he would like to devote more time to the excluded business not within the listed Group's business; Mr. Zhao Yiyong ("Mr. Zhao") has tendered his resignation as executive Director of the Company due to his decision to devote more time to his other business commitments; Mr. Li Yan Sang ("Mr. Li") has tendered his resignation as executive Director of the Company due to his desision to devote more time to his other business commitments; and Mr. Ma Fung Kwok ("Mr. Ma") has tendered his resignation as independent non-executive Director of the Company due to his decision to devote more time to his other business commitments. The Board announces that with effect from 29 September 2021, Mr. Xu Chusheng has been appointed as an executive Director, Chief Executive Officer and a member of the Investment Committee; and Mr. Wei Jinwen has been appointed as an executive Director and executive vice president of the Company.