The board of directors of DaFa Properties Group Limited announced that Mr. Fung Chan Man Alex (Mr. Fung) has been appointed as an independent non-executive director, with effect from 31 October 2023. Mr. Fung Chan Man Alex, aged 61, has over 17 years of working experience in financial market and corporate finance activities in both Hong Kong and China, working at various companies in the corporate finance sector. Mr. Fung has been a director and representative licencee under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the SFO) to carry out Type 6 (advising on corporate finance) of Trinity Corporate Finance Limited since April 2016.

Mr. Fung is a Type 6 licensed holder registered with under the SFO. He is currently an independent non-executive director of Luxey International (Holdings) Limited. He was an independent non-executive director of i-Control Holdings Limited until 11 January 2022.

Mr. Fung obtained a Bachelor of Science (Honours) degree in Electrical Engineering from University of Bath (the United Kingdom) in 1986, and subsequently a Master of Business Administration degree from Heriot-Watt University (the United Kingdom) in 1999 by way of distance learning. The board further announced that Mr. Yang Yongwu (Mr. Yang) has tendered his resignation as an executive Director with effect from 31 October 2023 due to his other personal work commitments. Following his resignation as an executive director, Mr. Yang has also ceased to act as an authorized representative of the company (the Authorized Representative) under Rule 3.05 of the Listing Rules with effect from 31 October 2023.

Mr. Chi Jingyong, an executive Director, has been appointed as the authorized representative with effect from 31 October 2023. Changes in the composition of board committees: Following his resignation as an executive Director, Mr. Yang has ceased to be a member of each of the nomination committee (the Nomination Committee), the remuneration committee (the Remuneration Committee) and the environmental, social and governance committee of the company with effect form 31 October 2023.