China Conch Venture Holdings Limited announced that Mr. GUO Jingbin has been re-designated from an executive Director to a non- executive Director with effect from 27 September 2021. Pursuant to the Company's articles of association, Mr. Guo will hold office until the next following general meeting of the Company and shall then be eligible for re-election at such general meeting. Mr. Guo will remain as the chairman of the Board. With effect from 27 September 2021, Mr. SHU Mao has been appointed as a non-executive Director, and Mr. Shu has resigned as the secretary (``Company Secretary'') of the Company as he would like to devote more time to focus on serving as a non-executive Director. Pursuant to the Company's articles of association, Mr. Shu will hold office until the next following general meeting of the Company and shall then be eligible for re-election at such general meeting.