Guangzhou R&F Properties Co., Ltd. announced that with effect from 29 December 2023, Mr. Zhang Li has resigned as a Chief Executive Officer of the Company due to his other commitments which require more of his time and dedication. As a co-founder of the Company, Mr. Zhang has undertaken a key role in managing the Company for almost 30 years and has laid an important foundation for the Group. The Board would like to express its sincere gratitude to Mr. Zhang for his valuable contribution to the Company during his term of office as an executive director and the CEO of the Company.