The board of directors of GR Properties Limited announced that with effect from 7 June 2023, Ms. Lam Yuen Ling Eva ("Ms. Lam") has resigned as the company secretary of the Company (the "Company Secretary") and ceased to act as the authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Ms. Lamconfirmed that she has no disagreement with the Board and that there is no other matter in relation to her resignation which needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announces that Mr. Lam Wai Kei ("Mr. Lam") has been appointed as the Company Secretary and Authorized Representative with effect from 7 June 2023 to fill in the vacancy subsequent to the resignation of Ms. Lam.

Mr. Lam, aged 49, has over 25 years of experience in accounting, corporate finance, auditing and company secretarial practices. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and holds a Certified Public Accountant (Practicing) Certificate issued by the Accounting and Financial Reporting Council. Mr. Lam graduated from the Hong Kong University of Science and Technology with a Bachelor of Business Administration degree in accounting in 1996 and obtained a Master of Science degree in financial engineering from City University of Hong Kong in 2004.

Mr. Lam is currently the company secretary of China Sinostar Group Company Limited (stock code: 00485), Balk 1798 Group Limited (stock code: 01010), Bojun Education Company Limited (stock code: 01758) and Wai Hung Group Holdings Limited (stock code: 03321), the shares of which are listed on the Stock Exchange.