China HGS Real Estate Inc. announced that On November 8, 2021, Ms. Christy Young Shue resigned from her positions as an Independent Director of the Board and as the Chairwoman of the Nominating and Corporate Governance Committee of the Board (the ?Nominating Committee?), and member of the Audit Committee and Compensation Committee of the Board. Ms. Christy Young Shue?s resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices. Effective November 8, 2021, the Board appointed Dr. Xinping Li as an Independent Director of the Board and as the Chairman of the Nominating Committee and member of the Audit Committee and Compensation Committee of the Board to fill the vacancy created by the resignation of Ms. Christy Young Shue. From July 2002 to March 2005, Mr. Li served as a professor and researcher at Jiangxi Jiujiang University?s Business School.