The Board of Directors of Debao Property Development Ltd. announced the resignation of Mr. Miu Ka Keung Kevin ("Mr Miu") as an Independent Director of the Company with effect from 21 February 2024. The revised composition of the Board and Board Committees is as follows: Board of Directors:- Mr. Zhong Yuzhao (Executive Director and Chief Executive Officer), Mr. Yuan Jiajun (Executive Director), Mr. Yuan Minyang (Executive Director), Mr. Chng Hee Kok (Independent Director), Mr. Tan Qing Wen Jeremy (Independent Director). Audit Committee:- Mr. Chng Hee Kok (Chairman), Mr. Tan Qing Wen Jeremy (Member).

Nominating Committee:- Mr. Tan Qing Wen Jeremy (Chairman), Mr. Chng Hee Kok (Member). Remuneration Committee:- Mr. Chng Hee Kok (Chairman), Mr. Tan Qing Wen Jeremy (Member).