Coastal Greenland Limited announced that Mr. Zhu Guoqiang has tendered his resignation as a non-executive Director with effect from 3 January 2022 due to his other business commitments. Mr. Zhu has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that 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. Zhou Xiya has been appointed as a non-executive Director with effect from 3 January 2022.

Mr. Zhou, aged 44, obtained a Master's Degree in Business Administration from Shanghai Jiaotong University. He is currently the general manager of the strategy management department of Shenzhen Investment Limited, a company listed on the Main Board of the Stock Exchange . Mr. Zhou joined Shenzhen Investment in 2007 and has since held positions as assistant general manager of the investment department and deputy general manager of the strategy management department.

Prior to joining Shenzhen Investment, Mr. Zhou was a development manager at Nan Hai Corporation Limited, the shares of which are listed on the Main Board of the Stock Exchange. Mr. Zhou has vast experience in corporate strategy management, investment management and the real estate industry.