The board of directors of Guoan International Limited announced that Mr. DU Jun ("Mr. Du") has resigned as an executive Director, the chairman of the Board and the chairman of the nomination committee (the "Nomination Committee") of the Company, all with effect from 11 May 2021, as he wishes to devote more time to his other work commitments. Mr. Du has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board also announced that Mr. LIU Deng ("Mr. Liu"), an executive Director, has been re-designated as the chairman of the Board with effect from 11 May 2021. Mr. Liu, aged 41, is an executive Director and a director of certain subsidiaries of the Company. In 2013, Mr. Liu joined CITIC Guoan Group and became the Chief Administrative Officer of Administrative Information Department of CITIC Guoan Investment Co. Ltd. Mr. Liu is currently an Associate General Manager of CITIC Guoan Development Holdings Co. Ltd. Upon Mr. Du's resignation as the chairman of the Nomination Committee, Mr. Liu has been appointed as the chairman of the Nomination Committee with effect from 11 May 2021. Upon Mr. Du's resignation as an executive Director, he will cease to be an authorised representative of the Company under Rule 3.05 of the Listing Rules, and Mr. Liu will take up such position with effect from 11 May 2021.