On 21 March 2021, Greentown China Holdings Limited announced Mr. LIU Wensheng ("Mr LIU") was removed as an executive Director and member of the Remuneration Committee and Nomination Committee and Mr. ZHOU Lianying ("Mr ZHOU") was removed as executive Director, respectively. Mr. LIU and Mr. ZHOU were removed by way of written notice signed by not less than three-fourths in number of the Directors then in office in accordance with Article 130.6 of the Articles of Association of the Company.