The board of directors of Kaisa Capital Investment Holdings Limited announces that Mr. Chen Zefeng ("Mr. Chen") has resigned as an executive Director with effect from 22 December 2021 in order to devote more of his time to his other personal commitment. Mr. Chen 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.