The board of directors of Kaisa Capital Investment Holdings Limited announced that Mr. Guo Peineng has resigned as the deputy chairman of the company and an executive Director and ceased to be the chairman of the nomination committee of the company and Mr. Chen Huajie has resigned as an executive Director both with effect from 16 July 2021 in order to devote more of their time to their other business endeavours. Each of Mr. Guo and Mr. Chen Huajie has confirmed to the company that he has no disagreements with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. The Board further announces that Mr. Zhao Yi has ceased to be a member of the remuneration committee of the company with effect from 16 July 2021, but remains as an executive Director and the chief executive officer of the company. The Board announced the appointment of each of Mr. Kwok Ying Shing and Ms. Kwok Hiu Yan as an executive Director with effect from 16 July 2021 to fill the causal vacancies created due to the resignations of Mr. Guo and Mr. Chen Huajie. The Board also announces the appointment of each of Ms. Lee Kin Ping Gigi ("Ms. Lee"), Mr. Zhou Puzhang ("Mr. Zhou") and Mr. Chen Zefeng as an executive Director with effect from 16 July 2021 as additional Directors to the Board. The Board further announces the appointment of Mr. Kwok as the chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 16 July 2021. Mr. Kwok, aged 56, is currently the chairman and an executive director of Kaisa Group Holdings Ltd, the substantial shareholder of the Company. He is one of the founders of Kaisa Group and has been the chairman of its board and a director since its inception in 1999. Mr. Kwok is primarily responsible for overall strategy, investment planning and human resource strategy of Kaisa Group. Mr. Kwok is also an executive director of Kaisa Health Group Holdings Limited and the chairman and an executive director of Sing Tao News Corporation Limited Mr. Kwok has extensive experience in real estate development, investment and financing management. Ms. Kwok, aged 23, has experiences in investment banking, securities trading, human resources and financial management. Ms. Lee, aged 39, is the vice president of Kaisa Group. Ms. Lee is responsible for the management of legal and compliance, and administration and human resources department of Kaisa Financial Group Company Limited, a subsidiary of the Kaisa Group. As at the date of this announcement, Ms. Lee is one of the directors of Mighty Empire. Ms. Lee served as the general manager of administration and human resources department of Hong Kong office of Kaisa Group, the general manager of public relations and investor relations department, the vice president of Kaisa Financial Group Company Limited during the period from 2015 to 2021. Mr. Zhou, aged 38, is the vice president and the general manager of the procurement and quality control department of the Group and a director of Manta Construction Limited, a subsidiary of the Company. Mr. Zhou served for various positions within Kaisa Group, including but not limited to assistant to president of Kaisa Group, vice president of Kaisa Group Overseas Company Limited during the period from 2020 to 2021. Prior to joining Kaisa Group, Mr. Zhou was the deputy general manager of a branch office of China Overseas Holdings Limited during August 2009 to November 2019 and an engineer of China Railway Construction Corporation Limited during August 2005 to July 2009. Mr. Chen, aged 36, is the vice president and the general manager of the capital markets and investment department of the Group and a director of Jubilee Path Limited and Kaisa Capital Investment Group Limited, each a subsidiary of the Company. Prior to that, Mr. Chen served as various positions within Kaisa Group, including but not limited to assistant to president and deputy general manager of the investment and financing department of Kaisa Group Overseas and deputy general manager of the investment department of Kaisa Group (International) during the period from 2019 to 2021.