China Overseas Land & Investment Limited announced that Mr. Chang Ying ("Mr. Chang") resigned as a Non-executive Director of the Company due to his other work arrangement with effect from 20 October 2021. Mr. Chang confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board of the Company also announces that at the recommendation of the Nomination Committee of the Company, Mr. Zhao Wenhai ("Mr. Zhao") has been appointed as a Non- executive Director of the Company with effect from 20 October 2021.