The board of directors of Zhaobangji Properties Holdings Limited announced that Mr. Wei Jinwen ("Mr. Wei") has tendered his resignation as executive Director with effect from 17 November 2022 due to his decision to devote more time to his other business commitments. Mr. Wei has confirmed that he has no disagreement with the Board, and there is no matter in respect of his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. The Board would like to express its sincere appreciation to Mr. Wei for his valuable contribution to the Company during the tenure of his service as executive Director.