The board of directors of DaFa Properties Group Limited announced that Mr. Sun Bing ("Mr. Sun") has tendered his resignation as an independent non-executive Director with effect from 31 July 2023 due to his other business commitments. Upon his resignation, Mr. Sun will also cease to be the chairman and a member of the remuneration committee (the "Remuneration Committee") and a member of each of the audit committee (the "Audit Committee") and the nomination committee (the "Nomination Committee") of the Board. Mr. Sun has confirmed that he has no disagreements with the Board and that there are no other matters in relation to his resignation of the above positions that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.