The board of directors of Guorui Properties Limited announced the following: Ms. Zhang Jin ("Ms. Zhang") and Mr. Lin Yaoquan ("Mr. Lin") have both resigned as executive Directors of the Company as each of them intends to devote more time and dedication to other personal commitments, with effect from November 8, 2021. Mr. Hao Zhenhe ("Mr. Hao") and Mr. Sun Xiaodong ("Mr. Sun") have been appointed as executive Directors of the Company at the Board meeting held on November 8, 2021 with effect from the same date of the Board meeting. Mr. Hao Zhenhe serves as the vice president of the Company and as general manager of Langfang Glory Investment Co. Ltd. Mr. Hao joined the Group in July 2001 and has successively served as the head of the general office and head of the planning and development department of Glory Xingye (Beijing) Real Estate Co. Ltd., the general manager of Beijing Glory Property Services Co. Ltd. and vice president of Glory Xingye (Beijing) Real Estate Co. Ltd. Before joining the Group, Mr. Hao worked at the International Liaison Department of the Chinese Communist Party Central Committee from April 1971 to April 2001. Mr. Sun Xiaodong holds the qualifications as a senior engineer, and is also a certified budgeting engineer and a certified real estate appraiser. Mr. Sun joined the Group in July 2011, and has successively served as the director of Cost and Procurement Department of the Group, the general manager of Zhengzhou Glory Real Estate Development Company Limited* the executive vice president of Shenzhen Glory Industrial Real Estate Co. Ltd. the chief human resources officer of the Group and the vice president of the Group. Mr. Sun has extensive experience in project cost management, human resources management and corporate operation management.