China Aoyuan Group Limited announced that upon expiry of the letter of appointment entered into between Mr. Zhang Jun ("Mr. Zhang"), a non-executive Director, and the Company dated 30 July 2021, Mr. Zhang will leave his position as a non-executive Director with effect from 29 July 2022 in order to pursue his other business and personal arrangements. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no other matter that is required to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").