China Aoyuan Group Limited announced that upon expiry of the service contract entered into between Mr. Chan Ka Yeung Jacky ("Mr. Chan"), an executive Director, and the Company dated 15 April 2019, Mr. Chan will become a senior advisor of the Group ("Senior Advisor") and will leave his positions as an executive Director and a senior vice president of the Group with effect from 14 April 2022 as he would like to focus on his role as Senior Advisor. Mr. Chan has confirmed that he has no disagreement with the Board and there is no other matter relating to the above that is required to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited.