China Resources Land Limited announced that with effect from 5 May 2022, due to his pursuit of other work allocation by China Resources Group, Mr. Wang Xiangming resigned as Chairman of the Board, a non-executive director of the Company and chairman of nomination committee of the Company. The Board also announced that with effect from 5 May 2022, Mr. Li Xin, an executive director of the Company, has been appointed as Chairman of the Board and chairman of nomination committee of the Company. Mr. Li Xin, aged 50, joined the Company in 2001 and was appointed as a Co-president of the Company in July 2016, and he was appointed as an executive director of the Company in April 2017, and was appointed as the President of the Company in December 2018. He is responsible for the day-to-day operations of the Group. He is also the chairman of the executive committee and the corporate social responsibility committee, and a member of nomination committee and corporate governance committee of the Company. In August 2020, Mr. Li was appointed as the Chairman and a non-executive director, as well as the chairman of the nomination committee and a member of the remuneration committee of China Resources Mixc Lifestyle Services Limited, which is a subsidiary of the Company and listed on the Main Board of Stock Exchange of Hong Kong Limited. Mr. Li is also a director of a number of other subsidiaries of the Company.