Guangdong Land Holdings Limited announces that Ms. ZHU Guang has tendered her resignation as an Executive Director of the Company due to the change in work arrangements with effect from 14 July 2022. The Board also announces that Mr. LI Wenchang has been appointed as an Executive Director of the Company with effect from 14 July 2022. Mr. LI Wenchang, aged 39, graduated from South China University of Technology, the PRC and obtained a Bachelor's degree in Administration and Management.

He also obtained a Master's degree in Business Administration from South China University of Technology, the PRC. Mr. Li has extensive experience in investment and capital operations. From 2006 to 2022, he held various positions at, the shares of which are listed on The Stock Exchange of Hong Kong Limited.

He successively served as the general manager of the personnel administration centre of the Malaysia company of R&F Properties, the deputy general manager of the group investment department of R&F Properties and the general manager of the group capital operations centre and the securities affairs representative of R&F Properties. Mr. Li joined in May 2022 and acts as the deputy general manager of its investment and capital operations department. He is currently a director of, a subsidiary of Guangdong Holdings.

Guangdong Holdings is the ultimate controlling shareholder of the Company. He is also a director of a subsidiary of the Company.