The board of directors of China Resources Land Limited announced that Mr. Ho Hin Ngai, Bosco has resigned, with effect from 1 July 2023, as an independent non-executive Director, the chairman of the corporate governance committee of the Company, a member of the remuneration committee of the Company, a member of the nomination committee of the Company and a member of the corporate social responsibility committee of the Company due to his personal work arrangements. Mr. Ho has confirmed that he has no disagreement with the Board and that there is no matter in respect of his resignation which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. Andrew Y. Yan has resigned, with effect from 1 July 2023, as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the audit committee of the Company, a member of the Nomination Committee and a member of the Corporate Governance Committee due to his personal work arrangements.

Mr. Yan has confirmed that he has no disagreement with the Board and that there is no matter in respect of his resignation which needs to be brought to the attention of the Shareholders and the Stock Exchange. The Board announced that Mr. Wan Kam To, Peter has resigned, with effect from 1 July 2023, as an independent non-executive Director, the chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Corporate Governance Committee due to his personal work arrangements. Mr. Wan has confirmed that he has no disagreement with the Board and that there is no matter in respect of his resignation which needs to be brought to the attention of the Shareholders and the Stock Exchange.

The Board announced the following appointments: (1) Mr. Frank Chan Fan GBS JP has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee, a member of the Nomination Committee and a member of the Corporate Governance Committee, with effect from 1 July 2023; (2) Mr. Leong Kwok-kuen, Lincoln JP has been appointed as an independent non-executive Director, the chairman of the Audit Committee, a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Corporate Governance Committee, with effect from 1 July 2023; and (3) Ms. Qin Hong has been appointed as an independent non-executive Director, the chairman of the Corporate Governance Committee, a member of the Audit Committee and a member of the Remuneration Committee, effective upon completion of the Relevant Process. Mr. Frank Chan Fan, aged 65, is currently a Hong Kong Deputy to the National People's Congress, a Vice President of the Hong Kong Institution of Engineers, a member of the Court and Council of the University of Hong Kong, an Honorary Professor of the Education University of Hong Kong and an Honorary Advisor of the Hong Kong Federation of Electrical and Mechanical Contractors. Mr. Chan is the Founding Chairman of the Association for Engineering and Medical Volunteer Services, a Member of the Advisory Committee for Innovation and Technology for Aging of the Hong Kong Council of Social Service.

Mr. Chan is a Fellow of the Hong Kong Institution of Engineers and an Honorary Fellow of the Institution of Mechanical Engineers, United Kingdom. He received his Bachelor in Science (Engineering) and Master in Business Management from the University of Hong Kong, and Master in Medical Physics from the University of Aberdeen, United Kingdom. He attended the Advanced Management Programme at the Harvard Business School, Strategic Management of Regulatory and Enforcement Agencies at the Harvard Kennedy School, National Studies at the Tsinghua University and the Chinese Academy of Governance.

Mr. Leong Kwok-kuen, Lincoln, aged 62, is a chartered accountant and has extensive experience in the commerce and investment banking industries. He is an independent non- executive director of SUNeVision Holdings Limited, an independent non-executive director of Link Asset Management Limited (manager of Link Real Estate Investment Trust, an independent non-executive director and the chairman of the audit committee of Standard Chartered Bank (Hong Kong) Limited and a non-executive director and the chairman of the audit committee of Hongkong Land Holdings Limited (the shares of which are listed on the Singapore Exchange Limited, London Stock Exchange and Bermuda Stock Exchange. He was previously an executive director and the chief executive officer of MTR Corporation Limited and a non-executive director of Jardine Strategic Holdings Limited (delisted) and Mandarin Oriental International Limited (the shares of which are listed on the Singapore Exchange Limited (Stock Symbol: M04), London Stock Exchange and Bermuda Stock Exchange.

Mr. Leong is a board member, an executive committee member and a vice patron of The Community Chest of Hong Kong, an executive committee member of The Hong Kong Housing Society and a council and executive committee member of the Hong Kong Management Association. He was the chairman of the Quality Assurance Council of the University Grants Committee. Mr. Leong was qualified as a chartered accountant in England in 1985 and in British Columbia, Canada in 1987.

He is a chartered fellow of The Chartered Institute of Logistics and Transport in Hong Kong and holds a Bachelor of Arts degree (subsequently a Master of Arts degree) from the University of Cambridge in the United Kingdom. Ms. Qin Hong, aged 60, is an independent non-executive director and a member of the Strategy and Investment Committee of Red Star Macalline Group Corporation Ltd, an independent director of Beijing Capital Development Co., Ltd, as well as a research fellow at the Renmin University of China, a role she has assumed since May 2019. She has been serving as an independent non-executive director and a member of audit committee, nomination committee and sustainability committee of China Resources Mixc Lifestyle Services Limited until 1 July 2023.

Ms. Qin was an independent non-executive director, the chair of the nominating and corporate governance committee and a member of the audit committee and compensation committee of Fang Holdings Limited from November 2019 to June 2020.